Japan's Economy Surpasses Expectations with 0.9% Growth

Japan's economy demonstrated resilience by expanding at an annualised rate of 0.9% in the third quarter, surpassing market forecasts of 0.7%. This growth translated to a 0.2% increase in GDP quarter-over-quarter, as per data released by the government on Friday.

In a notable show of economic resilience, Japan's economy expanded at an annualised rate of 0.9% during the July-September quarter, according to government data released on Friday. This figure outstripped market expectations, which had predicted a growth rate of 0.7%.

The expansion translated into a quarterly increase of 0.2%, aligning precisely with the median market estimate. These results underscore Japan's economic strength despite global uncertainties.

Economists had forecast more modest gains, making these figures a positive signal for the nation's economic outlook. Moving forward, Japan will look to sustain this growth amid ongoing global challenges.

(With inputs from agencies.)