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Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent



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Japan’s economy recorded impressive growth in the second quarter of 2023, government data showed on Tuesday, evidence that the country is finally recovering from the Covid doldrums, even as signs of significant challenges remain.Economic output in Japan grew by an annualized rate of 6 percent in the second three months of the year, the country’s Cabinet Office said. It was the third consecutive quarter of expansion, following a revised reading of 3.7 percent growth in the January-to-March period and a slight bump of 0.2 percent the quarter before that.The rapid expansion was fueled by a strong performance by the country’s export sector. The second-quarter figure came as a shock to analysts: While they had expected Tuesday’s data to sh …

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