Japan pandemic-hit economy returns to growth July-September

Japan’s economy grew at an annual rate of 21.4% in the last quarter in a recovery from the shocks of the pandemic driven by both private spending and exports. Preliminary data from the Cabinet Office released Monday show a distant road to a full recovery. Japan, like the rest of the world, is suffering from the slowdown brought on by business closures, plunging tourism and travel and social distancing measures for COVID-19.

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