Japan's economy likely rebounded in the final three months of 2021 as consumption rose during a drop off in COVID-19 cases, a Reuters poll showed, though it could slide back into contraction this quarter after a spike in Omicron variant infections.
A man wearing a protective face mask amid the coronavirus disease outbreak walks at a shopping district in Tokyo, Japan August 17, 2020.
Capital expenditure likely gained 0.5%, while external demand added 0.3% point to GDP growth in October-December after neither adding nor shaving off the previous quarter's figures, the poll showed. Separate data will likely show wholesale prices rose 8.2% in January from a year earlier, slowing for the second straight month but still hovering near the record 9.0% hit in November, the poll showed.
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