Yes.
The HTML5 specification defines the nav element as follows:
The nav element represents a section of a page that links to other pages or parts of a page: a section with navigation links.
Pagination clearly consists of “links to other pages”, and these are “navigation links”. And, probably, in most cases it makes sense to use a section content element for this.
Be sure to put nav in the correct parent section:
If it is a multi-page product, nav should be a child of article .
<article> <h1>Review of my new camera</h1> <p>…</p> <nav></nav> </article>
If its a multi-page list of article thiazers, nav should be a child of the section containing this list.
<section> <h1>All blog posts</h1> <article><h1>Review of my new camera</h1></article> <article><h1>I want to buy a camera, any suggestions?</h1></article> <nav></nav> </section>
If its one full article per page, nav should be a child of the root node of the body .
<body> <article><h1>Review of my new camera</h1></article> <nav></nav> </body>
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