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Japan’s economic growth likely moderated in October-December after rebounding from its worst postwar recession earlier in 2020, a Reuters poll showed, a sign households and companies have yet to recover from the coronavirus pandemic’s huge hit.
A state of emergency rolled out in January has inflicted further pain on consumption, stoking fears of another economic slump that could push Japan back into deflation.
Analysts polled by Reuters expect the economy to have marked a quarter-on-quarter expansion of 2.3 per cent in October-December, as improving exports made up for some of the weakness in consumption.
