Japan’s economy grew at an annualized pace of 1.4% in the July-September quarter, marking its longest growth streak in 16 years with help from stronger global demand.
TOKYO — Japan’s economy grew at an annualized pace of 1.4% in the July-September quarter, marking its longest growth streak in 16 years with help from stronger global demand.
The growth for the seventh straight quarter is welcome news for Prime Minister Shinzo Abe, who won a new mandate from voters in a national election on Oct. 22 to continue pushing the world’s third-largest economy out of years of economic malaise. But private consumption fell an annualized 1.8% in the quarter, showing how his economic policies have yet to rouse consumers.
Gross domestic product growth for the three-month period through September was the same as a 1.
