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

Japan's October GDP grows 1.1%, hitting 12-month high: JCER

Recovery in car production and lifting of COVID restrictions improve consumption

A recovery in automobile production is one of the main drivers for Japan's economic expansion in October.   © Reuters

TOKYO -- Japan's inflation adjusted gross domestic product gained 1.1% in October from the previous month, the Japan Center for Economic Research said Tuesday.

The monthly economic growth, the highest in the past 12 months, was driven by the government's lifting of the COVID-19 state of emergency at the end of September and the recovery in production by carmakers, JCER said in a statement.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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