Japan’s gross domestic product (GDP) in the third quarter of this year was up by 1.3%, or 0.8%, on the same period last year.
That’s a 1.6%.
That is, it is faster than the 1.1% growth in the first quarter.
The pace of economic growth will be boosted by the government’s plan to reduce subsidies and cut interest rates.
Economists expect the economy to expand by 1% in the fourth quarter.
That would be the first quarterly increase since the third.
The government is also expecting growth in exports of goods and services in the quarter, which are likely to be bigger than last year, but smaller than the quarter before that.
The economy has been hurt by the global financial crisis, which hurt Japan’s exports.
The government hopes the economic recovery will help the country avoid recessions and help it stay ahead of the rest of the world in global trade.
The country is also trying to make a recovery from the impact of the 2011 tsunami, which left some 1.5 million people dead.
The economic slowdown in the second quarter was more severe than in the previous three quarters.
The economy shrank 0.2% in March, down from a 0.3 percent gain the previous month.
That was partly because the slump in exports was much larger than the 0.1 percent drop in output.
The first quarter of next year will see some signs of the economy recovering.
The GDP growth in Q2 is expected to be 0.5% on average.
The economy is expected by the Bank of Japan to grow at an annualized rate of about 3% this year and by 3.4% in 2018.