12 days ago • Posted by Martin Boujol
Japanese GDP inches towards recovery
Japanese GDP contracted by 28.8 % in Q2 2020 and bounced back 21.4% quarter-quarter in Q3 and 12.7% in Q4. But it is still lagging behind 2019 levels, as the Japanese economy was not stranger to economic recessions even before the pandemic. The administration of prime Minister Shinzo Abe has not yet succeeded to pull the county out of stagnation yet. They significantly eased the monetary policy and increased government spending and trying to establish structural reforms to make the country more competitive.
Source: Statista, Government of Japan