Japan's gross domestic product surged an annualized 22.9 percent in the third quarter of 2020, the Cabinet Office said on Tuesday.
That beat expectations for an increase of 21.5 percent following the 28.8 percent plunge in the previous three months.
On a quarterly basis, GDP was up 5.0 percent - matching forecasts following the 8.2 percent decline in the three months prior.
Capital expenditure was down 2.4 percent on quarter, exceeding expectations for a decline of 3.2 percent following the 4.5 percent fall in the second quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.