Japan’s Economy Grows Modestly in Q3 2024, Avoiding Recession

Japan’s economy expanded by 0.2% in the third quarter of 2024, surpassing market expectations. This growth rate translates to an annualized 0.9% increase, marking a slowdown from the previous quarter’s 2.2% expansion. The data reveals a shift in Japan’s economic drivers from exports to domestic demand. Private consumption rose by 0.9%, indicating that rising wages […]