Tourists visit Asakusa area in Tokyo on Feb. 14, 2023. Japan’s economy grew at an annual pace of 0.1% in October-December, in a downgrade Thursday, March 9, 2023 from an earlier 0.6% increase, showing how the world’s third largest economy was barely eking out growth. (Kyodo News via AP)
March 12, 2023
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March 12, 2023 midnight
Japan revises GDP to nearly flat, showing fragile recovery
The annual rate shows what the growth would have been if the on-quarter rate continues for a year.