Japan exits recession as GDP grows 5% in Q3A rise in domestic demand, as well as exports, helped drive the quarter-on-quarter growth after the coronavirus pandemic
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Japan's economy grew 5.0 per cent in the third quarter, government data showed Monday, as signs of recovery began to emerge after the worst GDP contraction on record.
A rise in domestic demand, as well as exports, helped drive the quarter-on-quarter growth after the coronavirus pandemic and a consumption tax hike slammed the economy into reverse earlier in the year.