Japan's economy exceeded expectations by growing at an annual rate of 2.8% in the October-December period, driven by robust exports and stable consumption. The country experienced a 0.7% quarter-to-quarter growth, marking the third consecutive quarter of expansion, as reported by the Cabinet Office's preliminary data.
In 2024, Japan's economy saw a modest 0.1% growth in seasonally adjusted real GDP, marking the fourth consecutive year of expansion. Private consumption increased by 0.5% annually during the final quarter of the year, although it showed signs of slowing down. Exports surged by 4.3%, while capital investment rose by 0.5%.
