Japan’ economy has recovered much faster than expected from its pandemic-driven slump ahead of the Tokyo Olympics.
This information is in accordance to Official figures which show that the world’s third-largest economy grew at twice the rate forecast in April to June.
However, analysts warn that the growth will be modest this quarter after a state of emergency was forced to ease spike in Covid-19 cases.
Groundwork data show Japan’s gross domestic product (GDP) grew by 1.3% in the second quarter of 2021
Japan’s economic recovery remains much slow when compared to those of the other advanced economies like the US.
Japan Economy Minister, Yasutoshi Nishimura revealed his opinion on the released data.
Nishimura said, “I have very mixed feelings about this GDP result.
“Our priority is to prevent the spread of the virus. It’s very bad for the economy for this situation to drag on.”