Skip to content

Japan’s Economy Narrowly Avoids a Recession in Fragile Recovery

  • Revised figures show Japan eking out growth last quarter
  • Weaker consumption main factor behind downward revision
Bloomberg business news
Bank of Japan May Adjust Yield-Curve Control in Second Half: ANZ
Updated on

Japan only narrowly avoided a recession at the end of last year, a sign of continued weakness in the economy as inflationary pressure and a global economic slowdown cloud the outlook.

Gross domestic product grew at an annualized 0.1% in the fourth quarter from the previous period, revised figures from the Cabinet Office showed Thursday. That was significantly below both initial estimates and economist forecasts, and meant the country barely avoided two consecutive quarters of contraction.