ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan's February GDP grows 1.8% on tourism recovery: JCER

Exports of goods and services, private consumption lead economy

Visitors crowd Tokyo's popular Asakusa district in mid-February, with Japan's tourist industry kicking back into gear in the wake of the coronavirus pandemic. (Photo by Yo Inoue) 

TOKYO -- Japan's gross domestic product grew 1.8% in February from the previous month on a seasonally adjusted basis, according to estimates form the Japan Center for Economic Research, expanding for the first time in three months as inbound tourism gets back on track.

Based on the average figures for the first two months of 2023, the think tank now expects an annualized 3.0% contraction for the January-March quarter from the October-December period.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more