Japan recorded the fastest pace of its economic growth, rising 5 percent in the third quarter from an 8.2 percent drop in the second quarter after lockdowns hit its manufacturing sector and consumer spending.
The second-quarter GDP was Japan's worst.
A rise in domestic demand and exports helped drive the country's economic growth.
If the growth continued for 12 months, it represents an expansion of 21.4 percent.
However, some analysts cautioned that further growth is likely to be modest. The Japanese economy is still expected to shrink by 5.6 percent for its full fiscal year ending in March.
Earlier this year, Japan provided two stimulus packages with a combined value of $2.2 trillion, including small business loans and cash payments to households.
Prime Minister Yoshihide Suga has ordered another stimulus package to boost Japan's economy.


Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 



