Japan GDP rebounds less than expected in 4th quarter

JAPAN’S economy expanded just 0.2% in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists, government data showed Tuesday.

The figure for the three months to December fell short of the 0.5% growth forecast by analysts surveyed by Bloomberg, with the world’s third-largest economy growing 1.1% for the calendar year.