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Japan’s Economy Recovers in Fourth Quarter
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TOKYO—Japan’s economy returned to growth in the October-December quarter after restrictions related to the Covid-19 pandemic were lifted, leading to a recovery in consumer spending.
In the final quarter of 2021, the world’s third-largest economy after the U.S. and China grew 1.3% from the previous quarter. That was equal to 5.4% on an annualized basis, showing what would happen if the quarter’s growth continued for a full year. The figure was in line with economists’ forecasts.
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