Japan's economy expanded an annualised 2.8% in the October-December quarter, government data showed on Monday, backed by strong business spending and beating analyst forecasts. Strong domestic demand is helping support a recovery in the world's fourth-largest economy,

Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption.

The Japanese economy expanded in the final three months of 2024 thanks to solid corporate spending and external demand, a positive show of strength as the central bank mulls further rate increases.