japan figures worse than predicted
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Japan figures worse than predicted

Arab Today, arab today

Arab Today, arab today Japan figures worse than predicted

Tokyo - Express

Japan's economy contracted during the April-June quarter at an annual rate of 2.1%, worse than the initial estimate, the government said, underlining the damage from the March earthquake disaster.The Cabinet Office numbers give a more dismal view than the earlier report that had said Japan's gross domestic product, or the measure of a nation's goods and services, contracted at an annual rate of 1.3%.The world's third-largest economy has struggled ever since the March 11 tsunami and earthquake, which left 20,000 people missing or dead, disrupted supply chains among the small-business suppliers in the north east and forced companies to cut back on power usage because of a nuclear power plant that went into meltdown.The government said capital expenditure during the three months through June contracted 0.9% annual rate. The preliminary report had said it had risen 0.2%.Satoshi Osanai, economist at Daiwa Institute of Research in Tokyo, said the revisions were within expectations, and the consensus view among analysts is that the economy will bounce back in months ahead."These negative results reflect the one-time disaster, and so we still think conditions are turning better in a recovery," he said. "This is not going to be like Lehman shock when things kept getting worse."Government stimulus spending, designed to help along recovery efforts in north eastern Japan, is likely to combine with growth in the private sector, including consumer spending, to show expansion in the next quarter economic data, Mr Osanai said. The disaster hit at a time when Japan's economy had been stagnating for more than a decade, its public debt ballooning, and the nation had been struggling to find a turnaround.Exports, corporate investment and consumer spending have all been falling in recent months. Even as companies restore production, a surging yen, which has recently tested record highs against the dollar, is a major problem for Japan's exporters.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan figures worse than predicted japan figures worse than predicted

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japan figures worse than predicted japan figures worse than predicted

 



GMT 16:52 2017 Tuesday ,21 February

Iraqi troops push into Daesh-held southern

GMT 10:50 2017 Tuesday ,05 December

Technip lands Bahrain refinery mega contract

GMT 08:12 2017 Monday ,10 April

Minister receives School Mini Olympics winners

GMT 13:15 2017 Thursday ,31 August

Al-Basher Arrives in the Holy Land

GMT 18:19 2017 Tuesday ,17 October

Producers' group moves to expel Weinstein

GMT 13:00 2015 Sunday ,18 October

DEWA participates in 11th Women’s Forum in France

GMT 15:48 2017 Wednesday ,22 February

GOIC Encourages Paper Industry in GCC States

GMT 02:41 2016 Tuesday ,08 November

US, Turkey COS held talks on Syria, Iraq

GMT 23:18 2017 Wednesday ,22 November

HRH Premier lauds Bahrain's ability to host major events
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday