TOKYO: Japan’s economy rebounded from recession in the final quarter of last year but growth was weaker than expected as household and corporate spending disappointed, underlining the challenge premier Shinzo Abe faces in shaking off decades of stagnation.
The annualised 2.2% expansion in October-December was smaller than a 3.7% increase forecast in a Reuters poll, suggesting a fragile recovery as the hangover from last year’s sales tax hike lingered.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!