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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's economy rebounds on healthy consumption as COVID restrictions ease, tourists arrive

Japan Economy Fumio Kishida
Copyright 2023 The Associated Press. All rights reserved

Japan’s economy grew at an annual pace of 1.6% in the quarter through March as private demand rebounded after COVID-19-related restrictions were eased, according to data released Wednesday.

Real gross domestic product, which measures the sum value of a nation’s products and services, grew 0.4% in January-March on-quarter in the world’s third largest economy, the government Cabinet Office said.

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