Japan's GDP grows 0.9% in July-Sept. on solid consumption

Japan's economy grew an annualized real 0.9 percent in the three months through September, supported by solid consumer spending due to a one-off income tax cut and higher summer bonuses, government data showed Friday, but whether the momentum will continue is unclear.Real gross domestic product, adjusted for inflation, expanded for the second consecutive quarter, but growth decelerated from the prior quarter's revised 2.2 percent amid sluggish capital spending and exports.In the third quarter of 2024, real GDP increased 0.2 percent from the April-June period. GDP is the total value of goods…READ FULL ARTICLE