Japan’s economy shrinks at record rate, slammed by pandemic
4 years, 7 months ago

Japan’s economy shrinks at record rate, slammed by pandemic

Associated Press  

TOKYO — Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross domestic product, or GDP, the sum of a nation’s goods and services, fell 7.8% quarter on quarter. The economy shrank 0.6% in the January-March period, and contracted 1.8% in the October-December period last year, meaning that Japan slipped into recession in the first quarter of this year. Prime Minister Shinzo Abe took office in late 2012 and has since seen the halting progress made under his “Abenomics” economic platform to spur inflation to restore sustained growth essentially drained away in the pandemic.

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Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs
1 week, 2 days ago

Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs

Hindustan Times  

TOKYO — Japan has reported its exports grew at an 11.4% annual pace in February while imports declined slightly, leaving a surplus after two straight months of deficits as worries grow about President Donald Trump’s tariff hikes. Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs The stronger export growth yielded a trade surplus …

Is the Everything Bubble bursting and is another Great Depression looming?
1 week, 3 days ago

Is the Everything Bubble bursting and is another Great Depression looming?

New Indian Express  

But right now, the correction phase is unusually prolonged and intense, with markets looking like a lava lamp. Next, it could be fears of an economic downturn driving a stock market sell-off or changes including federal workforce cuts or the DOGE clampdown on spending that's dampening market sentiment. According to Ventura, a key concern for the stock market is that …

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending
2 weeks, 3 days ago

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending

Hindustan Times  

TOKYO — Japan’s has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit demand. Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending The Cabinet Office said Tuesday that Japan’s real gross domestic product, which measures the …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

The Hindu  

Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth-largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted real GDP, or …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

Associated Press  

TOKYO — Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted …

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track
1 month, 1 week ago

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track

Live Mint  

-- Japan’s economy outperformed forecasts as business spending and net trade helped fuel a third straight quarter of growth that will keep the Bank of Japan on track for further interest rate hikes. “An increase in investment and resilient consumption suggest the BOJ’s rate hikes haven’t knocked the wind out of the private sector.” — Taro Kimura, senior Japan economist …

Japan records 37 mn tourists in 2024 thanks to post-Covid global surge and weaker yen – Firstpost
Trending News
2 months, 1 week ago

Japan records 37 mn tourists in 2024 thanks to post-Covid global surge and weaker yen – Firstpost

Firstpost  

Foreign travellers increased by 47% to a record 36.9 million last year, driven by tourists from South Korea, Taiwan, and China, according to data issued by the Japan National Tourism Organisation on Wednesday A record number of visitors flocked to Japan in 2024, owing to increased post-pandemic worldwide tourism and a weakening yen, making the island nation an appealing and …

Why Japan is struggling to recover its economic mojo
3 months, 3 weeks ago

Why Japan is struggling to recover its economic mojo

Firstpost  

Japan’s GDP, which accounted for over 70 per cent of the US GDP in 1995, declined to just 15 per cent by 2023 Japan, with a landmass just 11 per cent the size of India’s, has historically wielded an outsized influence in shaping the destiny of Asia and the wider world. Rising literally from the ashes, Japan achieved the “Japanese …

Japan’s economy grows for a second straight quarter on the back of consumer spending
4 months, 1 week ago

Japan’s economy grows for a second straight quarter on the back of consumer spending

Associated Press  

TOKYO — Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data showed Friday. The world’s fourth-largest economy grew 0.2% in the fiscal second quarter, marking the second straight quarter of expansion, following 0.5% growth in April-June. Private consumption, which makes up more than half of Japan’s GDP, grew …

Japan’s economy continues to grow but at slower pace
4 months, 1 week ago

Japan’s economy continues to grow but at slower pace

Live Mint  

The Japanese economy managed to continue growing for a second straight quarter thanks to a recovery in consumption, although the pace slowed amid the impact of natural disasters during the summer. Japan’s gross domestic product expanded 0.2% in the three months to September from the previous quarter, preliminary government data showed Friday. Although the pace of expansion in the latest …

Japan’s economy is growing, but political uncertainty is among the risks
6 months, 2 weeks ago

Japan’s economy is growing, but political uncertainty is among the risks

Associated Press  

TOKYO — Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending, revised government data showed Monday. That shows clear risks remain, including U.S. economic growth, which greatly affects export-reliant Japan. The world’s fourth-largest economy grew 0.7% in the fiscal first quarter, according …

Japan records trade deficit as surging global prices pushes imports higher
7 months, 1 week ago

Japan records trade deficit as surging global prices pushes imports higher

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan racked up a 621 …

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
9 months, 1 week ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the …

Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
9 months, 1 week ago

Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan's exports surged 13.5% in …

Japan’s economy is shrinking, although slightly less than previously thought
9 months, 2 weeks ago

Japan’s economy is shrinking, although slightly less than previously thought

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports …

Japan's economy is shrinking, although slightly less than previously thought
9 months, 2 weeks ago

Japan's economy is shrinking, although slightly less than previously thought

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Japanese economy shrank at …

Japan's economy is shrinking, although slightly less than previously thought
9 months, 2 weeks ago

Japan's economy is shrinking, although slightly less than previously thought

New Indian Express  

TOKYO: The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports and …

Understanding the Paradox of Japan’s Economy
11 months ago

Understanding the Paradox of Japan’s Economy

The Diplomat  

Recently two seemingly paradoxical headlines about the Japanese economy caught people’s attention. Japan thus dropped to the world’s fourth-largest economy, 13 years after its long hold on the number two position was overtaken by China in 2010. Data from the IMF shows that Japan’s average real growth rate annually from 2000 to 2022 was only 0.7 percent, while that of …

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
1 year ago

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery

Associated Press  

TOKYO — Japan’s exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery, the government said Thursday. Exports in February totaled 8.2 trillion yen, marking the third straight month of growth, according to preliminary customs data. The picture for imports was mixed, with China supplying 1.7 trillion yen, a nearly 17% annual increase …

Japan slips into recession; loses its spot as the world's third-largest economy
1 year, 1 month ago

Japan slips into recession; loses its spot as the world's third-largest economy

The Hindu  

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China's was …

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
1 year, 1 month ago

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany

The Hindu  

Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany's in 2023. Japan’s nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen. The latest data reflect the realities of a weakening Japan and will likely result in Japan’s commanding a lesser presence in the …

Japan slips into a recession and loses its spot as the world’s third-largest economy
1 year, 1 month ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

Associated Press  

TOKYO — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s worst performing last year, also contracted in the last quarter, …

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
1 year, 1 month ago

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy

CNN  

Hong Kong/Tokyo CNN — Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. What’s more, the Bank of Japan’s Tankan survey showed that business conditions across all industries and firm sizes were the strongest they’ve been since the fourth …

Japan's exports surge 10% in December on strong demand for autos, revived trade with China
1 year, 2 months ago

Japan's exports surge 10% in December on strong demand for autos, revived trade with China

The Hindu  

Japan's exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles, machinery and computer chips. A weak Japanese yen has helped export manufacturers like Toyota, Honda and Sony, though it increases the costs of imports of key commodities like oil and gas needed to fuel the world's …

Is Japan’s economy at a turning point?
1 year, 2 months ago

Is Japan’s economy at a turning point?

Live Mint  

Aoki Masahiko, a prominent Japanese economist, once predicted it would take 30 years for his country’s economy to emerge from the “lost decades" that began in the early 1990s. Though wage growth still lags price growth, if next year’s annual shunto wage negotiations produce big gains again, a long-awaited virtuous cycle of price and wage growth would be tantalisingly close. …

Japan’s economy sinks into contraction as spending, investment decline
1 year, 4 months ago

Japan’s economy sinks into contraction as spending, investment decline

Associated Press  

TOKYO — Japan’s economy contracted at a 2.1% annual pace in July-September as consumption and investment weakened, the government said Wednesday. With investment and demand weakening in other major economies, “we expect GDP growth to slow from 1.7% this year to 0.5% in 2024,” said Marcel Thieliant of Capital Economics. The last quarter’s performance was far worse than what had …

Japan records a trade deficit in August as exports to China, rest of Asia weaken
1 year, 6 months ago

Japan records a trade deficit in August as exports to China, rest of Asia weaken

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Lessons from Japan's 'Lost Decades': Development trajectories of China and Japan
1 year, 6 months ago

Lessons from Japan's 'Lost Decades': Development trajectories of China and Japan

China Daily  

Editor's note: The ongoing discussions about Japan's "Lost Decades," a period of prolonged economic stagnation spanning 30 years, have sparked debates on whether Japan indeed lost momentum for three decades, the reasons behind it, and the potential takeaways for China. On the other hand, the "different" aspects referred to China's dependence on the global supply chain, while Japan excelled with …

Japanese economic growth surges on strong exports and tourism
1 year, 7 months ago

Japanese economic growth surges on strong exports and tourism

Associated Press  

TOKYO — Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 1.5% in the fiscal first quarter for the world’s third largest economy, the Cabinet Office …

Japan’s economy rebounds on healthy consumption as COVID restrictions ease, tourists arrive
1 year, 10 months ago

Japan’s economy rebounds on healthy consumption as COVID restrictions ease, tourists arrive

Associated Press  

TOKYO — Japan’s economy grew at an annual pace of 1.6% in the quarter through March as private demand rebounded after COVID-19-related restrictions were eased, according to data released Wednesday. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 0.4% in January-March on-quarter in the world’s third largest economy, the government Cabinet Office …

Japan ends Covid-19 travel curbs to bring shoppers, tourists back
2 years ago

Japan ends Covid-19 travel curbs to bring shoppers, tourists back

Hindustan Times  

Japan's service-sector sentiment rebounded in February for the first time in four months, a government survey showed on Wednesday, a sign that the removal of Covid-19 curbs is giving a much-needed boost to the country's sluggish consumption. Japan's service mood rebounds as end to Covid-19 curbs bring shoppers, tourists back The outcome offers some relief for policymakers fretting that rising …

China’s economy grew 3 per cent last year, not even half 2021's rate
2 years, 2 months ago

China’s economy grew 3 per cent last year, not even half 2021's rate

Firstpost  

China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted. Beijing: China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving …

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months
2 years, 3 months ago

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months

Firstpost  

The report from the Cabinet Office comes as Japan, the world’s third-largest economy, wrestles with sluggish global growth and high import costs that have weighed on its exports and manufacturing activity Tokyo: China’s grim Covid-19 situation has rung alarm bells in several countries including Japan who has said it is keeping a close watch on Beijing with more people falling …

China’s retail, factory output slump as COVID curbs hit growth
2 years, 3 months ago

China’s retail, factory output slump as COVID curbs hit growth

Al Jazeera  

China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. Industrial output rose 2.2 percent in November from a year earlier, missing expectations for a 3.6 percent gain in a Reuters poll and slowing …

China’s economy plunged before major Covid policy shift. A rebound may be months away
2 years, 3 months ago

China’s economy plunged before major Covid policy shift. A rebound may be months away

CNN  

Hong Kong CNN — The end of pandemic restrictions in China will eventually usher in a strong economic rebound as the country learns to live with the Covid virus, according to economists, even as a slew of data showed business activity plummeting in November. “We reckon that the incoming migration around the Chinese New Year holiday in late January could …

China consumer, factory activity down as virus controls rise
2 years, 4 months ago

China consumer, factory activity down as virus controls rise

Associated Press  

BEIJING — Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in infections weighed on the economy. The performance was even weaker than expected by forecasters who said activity would cool as Chinese anti-virus controls and interest rate hikes by the U.S. Federal Reserve and other central banks weighed on global activity. Chinese …

Japan’s economy unexpectedly shrinks as consumptions slows
2 years, 4 months ago

Japan’s economy unexpectedly shrinks as consumptions slows

Al Jazeera  

Asia’s second-largest economy shrinks 0.3 percent after three straight quarters of growth. Japan’s economy has unexpectedly shrunk in the third quarter as private consumption slumped and import costs rose. Asia’s second-largest economy contracted 0.3 percent during July-September, official data showed on Tuesday, after three consecutive quarters of growth. Private consumption, which accounts for more than half of Japan’s $5 trillion …

China’s consumer, factory activity improve but still weak
2 years, 6 months ago

China’s consumer, factory activity improve but still weak

Associated Press  

BEIJING — Chinese consumer spending and factory output edged up in August but still were weak, official data showed Friday, and forecasters warned the second-largest economy is vulnerable to repeated shutdowns of cities to fight virus outbreaks. Housing sales plummeted while prices edged lower, adding to a slide in real estate activity under pressure from a government campaign to control …

Japan economy grows 2.2% in 2Q on revived consumer spending
2 years, 7 months ago

Japan economy grows 2.2% in 2Q on revived consumer spending

Associated Press  

TOKYO — Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions. A revised estimate put growth for the world’s third-largest economy as flat in the first quarter of the year, upgraded from an earlier reading of a 0.5% contraction. “Nevertheless, it …

China’s economy slows as ‘zero COVID’ drags down sales, industry
2 years, 7 months ago

China’s economy slows as ‘zero COVID’ drags down sales, industry

Al Jazeera  

Retail sales and industrial output for July fall short of analysts’ forecasts after lockdowns stifle economic activity. China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output. Retail sales and industrial output grew 2.7 percent and 3.8 percent, respectively, compared with a year ago, National Bureau of Statistics …

Japan’s economy rebounds from COVID, growing 2.2 percent in Q2
2 years, 7 months ago

Japan’s economy rebounds from COVID, growing 2.2 percent in Q2

Al Jazeera  

Growth driven by rise in private consumption following the lifting of pandemic curbs in March. Japan’s economy grew an annualised 2.2 percent in the second quarter, as robust private consumption provided a boost to the country’s long-delayed recovery from the COVID-19 pandemic. The growth was driven largely by a 1.1 percent rise in private consumption, which accounts for more than …

China’s factory activity rebounds as anti-virus curbs ease
2 years, 9 months ago

China’s factory activity rebounds as anti-virus curbs ease

Associated Press  

BEIJING — China’s factory output rebounded in May, adding to a recovery from the latest COVID-induced economic slump after controls that shut down Shanghai and other industrial centers eased. Industrial production rose 0.7% over a year earlier, recovering from April’s 2.9% contraction, government data showed. China’s case numbers in its latest wave of infections are low, but the ruling Communist …

Japan’s economy contracts, but at smaller rate than thought
2 years, 9 months ago

Japan’s economy contracts, but at smaller rate than thought

Associated Press  

TOKYO — The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government said Wednesday. Some analysts say Japan has gradually lost its competitive edge because it hasn’t done enough to nurture innovation and free up new sources of growth bridled by old-time bureaucracies. Although a weak currency is a boon for Japanese …

China’s COVID curbs pressure Asian factory output
2 years, 9 months ago

China’s COVID curbs pressure Asian factory output

Al Jazeera  

Manufacturers slowed activity last month in countries ranging from Japan to Taiwan and Malaysia. Asia’s factory activity slowed in May as China’s heavy-handed coronavirus curbs continued to disrupt supply chains and dampen demand, adding to woes for some of the region’s economies that are already under strain from surging raw material costs. Given such layers of risks, Asia’s economy may …

Japan’s factory output slumps in worrying sign for economy
2 years, 9 months ago

Japan’s factory output slumps in worrying sign for economy

Al Jazeera  

Factory production falls 1.3 percent in April as China’s lockdowns and the Ukraine war weigh on manufacturers. Japan’s factory output fell sharply last month as China’s draconian “zero COVID” policies and supply chain blockages hampered manufacturing and dampened prospects for growth in the world’s third-largest economy. Factory production fell 1.3 percent in April compared with the previous month, government data …

China’s industrial profit falls sharply in April amid COVID curbs
2 years, 10 months ago

China’s industrial profit falls sharply in April amid COVID curbs

Al Jazeera  

Profits at China’s industrial firms fell at their fastest pace in two years in April as high raw material prices and supply chain chaos caused by COVID-19 curbs squeezed margins and disrupted factory activity. Profit shrank 8.5 percent from a year earlier, the statistics bureau said on Friday, swinging from a 12.2 percent gain in March according to the Reuters …

Japan’s Q1 GDP shrinks as Ukraine, cost of living cloud outlook
2 years, 10 months ago

Japan’s Q1 GDP shrinks as Ukraine, cost of living cloud outlook

Al Jazeera  

World’s No 3 economy shrinks at an annualised rate of 1 percent in January-March from the previous quarter. Japan’s economy shrank for the first time in two quarters in the initial three months of the year as COVID-19 curbs hit the service sector, and the Ukraine war and surging commodity prices created new headaches for consumers and businesses. The world’s …

Official: China’s economy reviving as anti-virus curbs ease
2 years, 10 months ago

Official: China’s economy reviving as anti-virus curbs ease

Associated Press  

BEIJING — China’s factory and consumer activity fell even more than expected in April under anti-virus controls, official data showed Monday, but a Cabinet official said the economy is reviving as anti-virus curbs ease and its commercial capital of Shanghai reopens. “The pace of recovery in consumption will accelerate as the impact of the epidemic is brought under control.” The …

Japan economy grew last quarter on better spending, exports
3 years, 1 month ago

Japan economy grew last quarter on better spending, exports

Associated Press  

TOKYO — Japan’s economy grew at an annual pace of 5.4% in October-December, boosted by improved consumer spending and exports, the government said Tuesday. On a quarterly basis, Japan’s real gross domestic product, or GDP, which measures the value of a nation’s products and services, grew 1.3% in the last three months of the year, according to Cabinet Office data. …

Japan’s economy rebounds in Q4, growing annualised 5.4 percent
3 years, 1 month ago

Japan’s economy rebounds in Q4, growing annualised 5.4 percent

Al Jazeera  

Outlook for sustained recovery clouded by rising raw material costs and spike in Omicron infections. Japan’s economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in Omicron variant infections cloud the outlook. The world’s third-largest economy expanded an annualised 5.4 percent in October-December after …

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