Japan’s economy expanded at an annualized rate of 2.8% in the October-December quarter, significantly outpacing the median market forecast of 1.0%, according to government data released on Monday. This growth translated into a quarterly increase of 0.7%, exceeding the median estimate of a 0.3% uptick.
The stronger-than-expected performance highlights the resilience of Japan’s economy, driven by robust corporate spending and steady exports. This marks the third consecutive quarter of growth for the world’s fourth-largest economy, reinforcing optimism about its ongoing recovery.