Tokyo
Good news at last.
The government of Japan on Monday announced a GDP jump of 5% in the third quarter compared to the previous one.
Activity was driven by domestic consumption, previously squeezed by the extreme caution of the Japanese at the height of the Covid-19 epidemic, and by exports to a China in full recovery.
But a recent resurgence of Covid-19 cases in the Archipelago raises fears of a new cold snap on activity while December is traditionally a month of frantic consumption.
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In the longer term, Japan can rejoice in its participation in the signing on Sunday of the regional RCEP agreement between fifteen Asia-Pacific countries representing one third of world trade.
He has been cautious during eight years of negotiations, with China leading the discussions in the absence of India and the United States.
By signing it on Sunday, the new Prime Minister of Japan, Yoshihide Suga, subscribes to measured "free trade"
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