Japan economy grows 2.2% in 2Q on revived consumer spending
2 years, 4 months ago

Japan economy grows 2.2% in 2Q on revived consumer spending

Associated Press  

TOKYO — Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions. A revised estimate put growth for the world’s third-largest economy as flat in the first quarter of the year, upgraded from an earlier reading of a 0.5% contraction. “Nevertheless, it suggests that pent-up demand from COVID-19 reopening could continue to underpin growth ahead,” Jun Rong Yeap of IG said in a commentary. “After a much brighter spring, we think the economy will slow again this quarter on the back of weaker consumer spending due to rising COVID-19 infections,” said Takayuki Toji, an economist at SuMi TRUST, said in a report.

Growth Japan Japanese Consumer Spending Revived Consumer  economy  revived  consumer  quarter  recent  22  japans  growth  2q  grows  covid19  rate  japanese  spending  japan

History of this topic

Why Japan is struggling to recover its economic mojo
2 weeks, 5 days ago

Why Japan is struggling to recover its economic mojo

Firstpost  

Japan’s GDP, which accounted for over 70 per cent of the US GDP in 1995, declined to just 15 per cent by 2023 Japan, with a landmass just 11 per cent the size of India’s, has historically wielded an outsized influence in shaping the destiny of Asia and the wider world. Rising literally from the ashes, Japan achieved the “Japanese …

Japan’s economy continues to grow but at slower pace
1 month, 1 week ago

Japan’s economy continues to grow but at slower pace

Live Mint  

The Japanese economy managed to continue growing for a second straight quarter thanks to a recovery in consumption, although the pace slowed amid the impact of natural disasters during the summer. Japan’s gross domestic product expanded 0.2% in the three months to September from the previous quarter, preliminary government data showed Friday. Although the pace of expansion in the latest …

Japan’s economy is growing, but political uncertainty is among the risks
3 months, 2 weeks ago

Japan’s economy is growing, but political uncertainty is among the risks

Associated Press  

TOKYO — Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending, revised government data showed Monday. That shows clear risks remain, including U.S. economic growth, which greatly affects export-reliant Japan. The world’s fourth-largest economy grew 0.7% in the fiscal first quarter, according …

Japan records trade deficit as surging global prices pushes imports higher
4 months ago

Japan records trade deficit as surging global prices pushes imports higher

Associated Press  

TOKYO — Japan racked up a 621 billion yen trade deficit in July, as prices of imports surged, according to government data released Wednesday. Japan’s imports grew nearly 17% from a year ago to 10.2 trillion yen, while exports grew 10% to 9.6 trillion yen, the Finance Ministry said. Exports grew to the U.S., China and Brazil, but auto exports …

Japan's trade deficit for first half declines as exports recover
5 months ago

Japan's trade deficit for first half declines as exports recover

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan posted a trade surplus …

Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices
5 months, 3 weeks ago

Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices

Associated Press  

BANGKOK — Japan revised its earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank released Monday showed conditions remain sluggish. “Across all industries and firm sizes, business conditions held steady at 12, which is on past form consistent with GDP growth …

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
6 months ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the …

Japan’s economy is shrinking, although slightly less than previously thought
6 months, 1 week ago

Japan’s economy is shrinking, although slightly less than previously thought

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports …

Japan's economy is shrinking, although slightly less than previously thought
6 months, 1 week ago

Japan's economy is shrinking, although slightly less than previously thought

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Japanese economy shrank at …

Japan's economy is shrinking, although slightly less than previously thought
6 months, 2 weeks ago

Japan's economy is shrinking, although slightly less than previously thought

New Indian Express  

TOKYO: The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports and …

Japan’s economy shrank more than expected in the first quarter
7 months, 1 week ago

Japan’s economy shrank more than expected in the first quarter

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage growth has been slow and prices have risen partly due to weakness of the yen against …

Japan records a trade deficit for the third straight fiscal year despite recovering exports
8 months ago

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Associated Press  

TOKYO — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen for the fiscal year that ended in March, according to Finance Ministry data released Wednesday. Annual exports to China slipped slightly, declining for the first time in …

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
9 months ago

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery

Associated Press  

TOKYO — Japan’s exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery, the government said Thursday. Exports in February totaled 8.2 trillion yen, marking the third straight month of growth, according to preliminary customs data. The picture for imports was mixed, with China supplying 1.7 trillion yen, a nearly 17% annual increase …

Japan economy avoids recession, Q4 GDP revised up to slight expansion
9 months, 1 week ago

Japan economy avoids recession, Q4 GDP revised up to slight expansion

Hindustan Times  

Japan's economy avoided a technical recession, revised government GDP data showed on Monday, even though the upward change in the fourth quarter was weaker than expected and highlighted concerns about the sluggish economic recovery. Japan's revised gross domestic product expanded at an annualised clip of 0.4% in the October-December period from the previous quarter, better than the initial estimate for …

Japan’s Nikkei stock index passes 40,000 for first time amid AI fanfare
9 months, 2 weeks ago

Japan’s Nikkei stock index passes 40,000 for first time amid AI fanfare

Al Jazeera  

Nikkei 225 gains as much as 1 percent after last month beating 1989 record. Japan’s benchmark stock market index has smashed the 40,000 mark for the first time, continuing its comeback after decades of stagnation. Last month, the benchmark index surpassed its 1989 record of 38,915.8, set as Japan’s economy was on the precipice of an asset crash that kicked …

Lack of drivers drops Japan down to fourth
10 months ago

Lack of drivers drops Japan down to fourth

China Daily  

Pedestrians walk past an electronic board showing the closing numbers of the Tokyo Stock Exchange along a street in Tokyo on February 8, 2024. According to official Japanese data released on Thursday, Japan's nominal GDP in 2023 was 591.48 trillion yen, lower than Germany's $4.46 trillion. While being surpassed by Germany, Japan's nominal GDP grew by 5.7 percent in 2023, …

Japan slips into recession; loses its spot as the world's third-largest economy
10 months, 1 week ago

Japan slips into recession; loses its spot as the world's third-largest economy

The Hindu  

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China's was …

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
10 months, 1 week ago

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany

The Hindu  

Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany's in 2023. Japan’s nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen. The latest data reflect the realities of a weakening Japan and will likely result in Japan’s commanding a lesser presence in the …

Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

Associated Press  

TOKYO — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s worst performing last year, also contracted in the last quarter, …

Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

LA Times  

A sushi chef prepares a plate at the Toyosu Market in Tokyo. Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s …

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
10 months, 1 week ago

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy

CNN  

Hong Kong/Tokyo CNN — Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. What’s more, the Bank of Japan’s Tankan survey showed that business conditions across all industries and firm sizes were the strongest they’ve been since the fourth …

Japan's exports surge 10% in December on strong demand for autos, revived trade with China
10 months, 4 weeks ago

Japan's exports surge 10% in December on strong demand for autos, revived trade with China

The Hindu  

Japan's exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles, machinery and computer chips. A weak Japanese yen has helped export manufacturers like Toyota, Honda and Sony, though it increases the costs of imports of key commodities like oil and gas needed to fuel the world's …

Japan’s economy sinks into contraction as spending, investment decline
1 year, 1 month ago

Japan’s economy sinks into contraction as spending, investment decline

Associated Press  

TOKYO — Japan’s economy contracted at a 2.1% annual pace in July-September as consumption and investment weakened, the government said Wednesday. With investment and demand weakening in other major economies, “we expect GDP growth to slow from 1.7% this year to 0.5% in 2024,” said Marcel Thieliant of Capital Economics. The last quarter’s performance was far worse than what had …

Japan records a trade deficit in August as exports to China, rest of Asia weaken
1 year, 3 months ago

Japan records a trade deficit in August as exports to China, rest of Asia weaken

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Japanese economic growth surges on strong exports and tourism
1 year, 4 months ago

Japanese economic growth surges on strong exports and tourism

Associated Press  

TOKYO — Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 1.5% in the fiscal first quarter for the world’s third largest economy, the Cabinet Office …

Japan’s workers get rare pay bump after decades without a raise
1 year, 5 months ago

Japan’s workers get rare pay bump after decades without a raise

Al Jazeera  

Japanese employees earn only three-quarters as much as developed-country peers over 30 years after asset bubble burst. “I wish that was reflected in my salary.” Toyozawa’s plight is common in Japan, where more than three decades of economic stagnation have resulted in some of the weakest wage growth in the developed world. “Unfortunately the labour productivity growth rate has been …

Japan’s economy rebounds on healthy consumption as COVID restrictions ease, tourists arrive
1 year, 7 months ago

Japan’s economy rebounds on healthy consumption as COVID restrictions ease, tourists arrive

Associated Press  

TOKYO — Japan’s economy grew at an annual pace of 1.6% in the quarter through March as private demand rebounded after COVID-19-related restrictions were eased, according to data released Wednesday. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 0.4% in January-March on-quarter in the world’s third largest economy, the government Cabinet Office …

Japan’s prices rise at fastest pace since 1981
1 year, 11 months ago

Japan’s prices rise at fastest pace since 1981

Al Jazeera  

Consumer prices in the world’s third-biggest economy rose by 4 percent in December. Japan’s prices rose at their fastest pace in more than four decades in December, stoking expectations the country’s central bank could finally move away from ultra-low interest rates. Consumer prices in the world’s third-biggest economy rose by 4 percent year-on-year, the sharpest rise since 1981, government data …

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months
2 years ago

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months

Firstpost  

The report from the Cabinet Office comes as Japan, the world’s third-largest economy, wrestles with sluggish global growth and high import costs that have weighed on its exports and manufacturing activity Tokyo: China’s grim Covid-19 situation has rung alarm bells in several countries including Japan who has said it is keeping a close watch on Beijing with more people falling …

Japan’s economy contracts, but at smaller rate than thought
2 years, 6 months ago

Japan’s economy contracts, but at smaller rate than thought

Associated Press  

TOKYO — The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government said Wednesday. Some analysts say Japan has gradually lost its competitive edge because it hasn’t done enough to nurture innovation and free up new sources of growth bridled by old-time bureaucracies. Although a weak currency is a boon for Japanese …

South Korea’s economy slows in Q1 on COVID curbs, inflation
2 years, 7 months ago

South Korea’s economy slows in Q1 on COVID curbs, inflation

Al Jazeera  

Economic growth nearly halves in first quarter to 0.7 percent amid lower spending due to COVID curbs and inflation. South Korea’s economic growth nearly halved in the first quarter from the previous three months as consumers and companies cut spending amid coronavirus curbs and surging inflation. “We are already seeing early signs of a recovery in private consumption as the …

Japan economy grew last quarter on better spending, exports
2 years, 10 months ago

Japan economy grew last quarter on better spending, exports

Associated Press  

TOKYO — Japan’s economy grew at an annual pace of 5.4% in October-December, boosted by improved consumer spending and exports, the government said Tuesday. On a quarterly basis, Japan’s real gross domestic product, or GDP, which measures the value of a nation’s products and services, grew 1.3% in the last three months of the year, according to Cabinet Office data. …

US economy slowed to a 2% rate last quarter in face of COVID
3 years, 1 month ago

US economy slowed to a 2% rate last quarter in face of COVID

Associated Press  

WASHINGTON — Hampered by rising COVID-19 cases and persistent supply shortages, the U.S. economy slowed sharply to a 2% annual growth rate in the July-September period, the weakest quarterly expansion since the recovery from the pandemic recession began last year. The 2% annual growth last quarter fell below expectations and would have been even weaker if not for an increase …

Japan’s imports, exports grow on overseas economic rebound
3 years, 4 months ago

Japan’s imports, exports grow on overseas economic rebound

Associated Press  

TOKYO — Japan’s exports in July jumped 37% from a year ago, the government said Wednesday, highlighting an overseas recovery from the coronavirus pandemic. Imports also grew, rising 28.5%, according to Finance Ministry data, for the second straight month of a trade surplus for the world’s third largest economy. Japan’s exports grew to the U.S., Asia and Europe; while imports …

China's economic growth surged to 18.3 per cent
3 years, 8 months ago

China's economic growth surged to 18.3 per cent

India TV News  

China's economic growth surged to 18.3 percent over a year ago in the first quarter of 2021 after factory and consumer activity returned largely to normal following the coronavirus pandemic. Manufacturing, auto sales, and other consumer activity have revived to above pre-pandemic levels since the ruling Communist Party declared victory over the coronavirus last March and allowed factories and stores …

Japan's economy shrinks 4.8% due to Covid in 2020
3 years, 10 months ago

Japan's economy shrinks 4.8% due to Covid in 2020

India TV News  

Japan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third-largest economy away from negative growth for the year as the economy shrank 4.8 percent due to the Covid-triggered crises -- the first contraction since 2009. The growth figures come as Japan's Nikkei index briefly hit 30,000 for the first time since …

Japan's economy grows 22.9% in 3Q, bouncing back from COVID-19
4 years ago

Japan's economy grows 22.9% in 3Q, bouncing back from COVID-19

The Hindu  

Japan’s economy expanded at a 22.9% annual rate in the last quarter, as businesses and personal spending recovered from COVID-19 pandemic-related shocks in the spring and early summer. Economists said the upward revision released Tuesday was in line with forecasts and suggests Japan’s economy, the world’s third largest, is on the mend from the recession that started in late 2019, …

Japan pandemic-hit economy returns to growth July-September
4 years, 1 month ago

Japan pandemic-hit economy returns to growth July-September

Live Mint  

Japan's economy grew at an annual rate of 21.4 per cent in the last quarter in a recovery from the shocks of the pandemic driven by both private spending and exports. The economy shrank 8.2 per cent in the April-June quarter; 0.6 per cent in January-March and 1.8 per cent in October-November 2019, according to Monday's data. “The Japanese economy …

Japan’s economy shrinks at record pace amid coronavirus pandemic
4 years, 4 months ago

Japan’s economy shrinks at record pace amid coronavirus pandemic

Al Jazeera  

Stocks fall as the world’s third-largest economy shrank an annualised 27.8 percent in April-June – a record decline. Japan was hit by its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed consumption and exports, keeping policymakers under pressure for bolder action to prevent a deeper recession. The third straight quarter of declines knocked the …

Coronavirus impact: Japan's record economic plunge wipes out Abe era gains
4 years, 4 months ago

Coronavirus impact: Japan's record economic plunge wipes out Abe era gains

India Today  

Japan was hit by its biggest economic slump on record in the second quarter as the coronavirus pandemic emptied shopping malls and crushed demand for cars and other exports, bolstering the case for bolder policy action to prevent a deeper recession. The third straight quarter of declines knocked the size of real gross domestic product to decade-low levels, wiping out …

Japan reports its worst GDP on record
4 years, 4 months ago

Japan reports its worst GDP on record

CNN  

Hong Kong CNN Business — Japan just reported its worst drop inGDP on record as the ongoing Covid-19 outbreak dented consumption. The world’s third-largest economy shrank 7.8% in the second quarter compared with the previous quarter, the country’s Cabinet Office said on Monday. Among the remaining G7 economies, Canada’s statistics agency said it expects second quarter GDP to contract 12% …

Japan's spending slump eases as economy reopens, coronavirus clouds outlook
4 years, 4 months ago

Japan's spending slump eases as economy reopens, coronavirus clouds outlook

India Today  

Japan's household spending fell at a much slower pace in June than in the previous month as the economy re-opened from lockdown measures to contain the coronavirus pandemic, offering some hope of a moderate recovery later this year. Household spending in June declined 1.2 per cent from a year earlier, government data showed on Friday, less than a median market …

After the Virus: Japan’s Painful Economic Recovery
4 years, 5 months ago

After the Virus: Japan’s Painful Economic Recovery

The Diplomat  

Japan’s 2020 Olympic dreams are gone, the economy is in recession, and the COVID-19 pandemic has tragically caused nearly 1,000 deaths and counting in the country. Amid growing international pressure, including threats of athlete boycotts, the International Olympic Committee announced on March 24 that the Games would be pushed back to “not later than summer 2021” to “safeguard the health …

Discover Related