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Economy

Japan GDP rebounds to annualized 5.4% rise in October-December

2021 marked first growth in 3 years while economy weathered pandemic crisis

Japan's Q4 GDP rebounded as falling coronavirus cases helped boost consumption.   © Reuters

TOKYO -- Japan's economic growth rebounded 1.3% in October-December from the preceding three-month period, or an annualized rate of 5.4%, data from the Cabinet Office showed on Tuesday, recovering from a slump caused by the COVID-19 pandemic.

For 2021, the data on gross domestic product -- the broadest measure of a nation's economic activity -- showed that the world's third-largest economy grew 1.7%, marking the first expansion in three years. The economy contracted 4.5% in 2020 and 0.2% in 2019.

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