2/24, 3:08 AM (Source: TeleTrader)
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Aso: Japan's Q1 GDP to decline from Q4 levels

Japanese Finance Minister Taro Aso (pictured) said on Wednesday that he expects the country's gross domestic product (GDP) in the first quarter of 2021 to be lower compared to the fourth trimester of 2020.

The minister also unveiled that the government is not currently considering another stimulus package to support the economic rebound from the coronavirus-caused crisis.

Japan's GDP in the fourth quarter jumped 12.7% on an annual basis. However, the growth decelerated compared to the third semester when the country recorded a surge of 22.7% year-over-year.

Breaking the News / GA