How is japan recovering

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Sign up. Friday's government data bodes ill for new Prime Minister Fumio Kishida's efforts to revitalise the pandemic-hit economy and distribute more wealth to households through higher wages.

The 3. The month-on-month figures showed a 3. The spread of the COVID infections and subsequent restrictions nationwide hindered consumption in restaurant dine-ins and a wide variety of goods from fashion items to furniture, a government official said, adding that rainy weather also discouraged customers' visit to stores. Consumption has been a weak spot for the world's third largest economy as a spike in Delta variant cases and state of emergency curbs kept households from shopping or eating out.

Commerce Department last month highlighted a sustained recovery from the pandemic recession in the U. Some places have ignored the emergency requests. Tokyo streets are bustling with crowds of people, and commuter trains are packed.

Japan was not able to rake in the economic benefits from inbound travelers and tourists, as no general-public spectators were allowed in the stands. Junichi Makino, chief economist for SMBC Nikko Securities in Tokyo, said the rebound will likely pick up momentum later this year as the vaccine rollout picks up and economic activity returns gradually to normal levels. Tokyo reported more than 5, daily new cases in the past week. Coastal rowing finding smooth sailing in ocean waters off Japan.

Japan is benefiting from the comeback in the U. Overseas demand for Japanese goods such as cars and electronic parts is growing, helping counterbalance weaker service industries at home such as travel and restaurants.

Kyoto-based motor maker Nidec Corp. It cited demand for home appliances, computers and videogame consoles. Toyota Motor Corp. Toyota shares touched a record high in Tokyo trading Tuesday.