Japan’s 3rd Quarter Growth Forecast Trimmed Further on COVID-19 Drag: Poll

Japan’s 3rd Quarter Growth Forecast Trimmed Further on COVID-19 Drag: Poll
People wearing protective masks, amid the coronavirus disease outbreak, make their way at a shopping district in Tokyo, Japan on Sept. 9, 2021. Kim Kyung-Hoon/Reuters
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TOKYO—Japan’s economy likely grew at a slower pace than previously expected last quarter and faces ongoing risks from soaring raw material prices and coronavirus-linked production and supply disruptions, a Reuters poll of economists showed on Friday.

Government and central bank policymakers are hoping a jump in consumer activity put the export-reliant economy firmly on a recovery path after Japan saw COVID-19 case numbers plummet and made progress on vaccinations.