Monday, 16 July, 2018

Japan economy shrinks after 2 years of growth

Japan's first quarter GDP shrinks more than expected in setback for'Abenomics GDP marks first contraction in 9 quarters
Laurie Berry | 16 May, 2018, 09:29

"But we need to be mindful of the impact of overseas economic uncertainty and market volatility", he said.

Also, the yen strengthened against other major currencies on safe-haven buying, clouding the prospects for Japanese exporters.

Australia will provide Q1 data for wage prices, which are expected to hold steady at 0.6% on quarter and 2.1% on year.

With an excess of 1.58 jobs per person in Japan, falling wages - which decreased by 0.15% in the 12 months leading to February - is the cause of this decline.

"The economy is unlikely to continue to contract further".

Regardless, the experts insist that Japan's declining GDP will make up for this loss in the coming months.

External demand - or exports minus imports - added just 0.1 percentage point to first-quarter GDP as imports slowed more than exports.

Cardinals 2nd-round pick Christian Kirk was arrested prior to draft
A window was broken, and Scottsdale police told the Arizona Republic "the suspects were intoxicated". That is what I would be interested to know, and I'm sure we won't get an answer.

Japanese government data on preliminary GDP figures for the January-to-March period shows that the country's economy shrank for the first time in 9 quarters.

The key survey by the central bank last month showed confidence among Japan's biggest manufacturers had slipped after 5 quarters of rises but the headline index still remained close to the highest level in over a decade.

Other pundits mentioned special factors that impacted growth in the first quarter.

Economy Minister Toshimitsu Motegi said there was no change to the government's view that the economy was recovering moderately, predicting a resumption in growth to be driven mainly by private consumption and capital expenditure.

Maruyama of SMBC Nikko Securities.

On a quarterly basis, Japan's gross domestic product dipped 0.2 percent, the Cabinet Office reported.

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