Japan’s Economy Grew by 22.9% in Q3

The annual Japanese GDP grew better than expected in the third quarter, recording an increase of 22.9%, while expectations indicated a growth of 21.5%. On a quarterly basis, the Japanese economy grew during the same quarter more than expectations to record 5.3%.

Household spending in Japan rose for the first time in nearly a year, by 2.1% month over month in October.