Japan GDP grew 0.8% in December on solid exports: JCER

Data shows recovery in shipments to U.S. and China, but dip in private demand

A container ship docked in Kawasaki: Strong exports to the U.S. and China helped push Japan's GDP up by an annualized 0.8% in December 2023 versus the previous month, JCER said. © AP

CHIHIRO ISHIKAWA, Nikkei staff writer

February 9, 2024 16:25 JST

TOKYO -- Japan's gross domestic product is estimated to have grown by an annualized 0.8% in December from the previous month, according to Tokyo-based Japan Center for Economic Research.

The think tank said the expansion stemmed from solid goods exports, even as Japan's private consumption dipped slightly. This means that Asia's second-largest economy is likely to have grown in the final quarter of 2023.