Japan's GDP for 2020 Q4 grows 12.7 percent

CGTN

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Japan's economy expanded an annualized real 12.7 percent from October to December 2020, according to government data.

The Japanese economy shrank 4.8 percent as the country was hit by the COVID-19 pandemic in 2020, the first contraction since a 5.7-percent decrease in 2009.