Japan's GDP growth in Oct.-Dec. downgraded to annualized real 4.6%

Japan's economy in the October-December period grew an annualized real 4.6 percent from the previous quarter, down from the initially reported expansion of 5.4 percent on a smaller rise in personal spending, government data showed Wednesday.The increase in private consumption, which accounts for more than half of the country's GDP, was downgraded to 2.4 percent from 2.7 percent. Still, personal spending was at its highest level since the January-March 2014 period, according to the Cabinet Office.During the reporting quarter, economic activities fully resumed in Japan as a COVID-19 state of …READ FULL ARTICLE