Japan's economy grows 12.7% in Q4 despite COVID -19

(VOVWORLD) - Japan’s economy expanded by an annualised 12.7% in October-December last year, government data showed on Monday, a sign the country was emerging from the initial hit from the coronavirus pandemic.

Customers wearing face masks queue at the cashier in a supermarket in Tokyo, Japan (Photo: AFP/VNA)

On a quarter-on-quarter basis, the economy grew 3.0% in the final three months of 2020, the Cabinet Office data showed. Japan's benchmark Nikkei stock index rises in early morning trade, hitting the 30,000 mark for the first time since August 1990.

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Japan's economy grows 12.7% in Q4 despite COVID -19

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