The Japanese economy grew at an annual rate of 12.7 per cent in October-December, marking the second straight quarter of growth, amid a recovery from the slump caused by the coronavirus pandemic, according to government data released Monday. The world's third-largest economy saw growth in consumption, government spending and exports for the final quarter of last year, compared to the previous quarter, the Cabinet Office said. Japan's seasonally adjusted gross domestic product had grown at a dramatic annualized rate of 22.9 per cent in the July-September period. GDP is the sum value of a nation's products and services. The annualized rate shows what the rise or drop would have been if that sa
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