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 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. Another negative is the ongoing scandal involving improper vehicle model tests at several major automakers, including Toyota Motor Corp., which form the pillars of Japan’s brand power. Last week, Toyota Chairman Akio Toyoda apologized for the wide-ranging fraudulent testing involving the use of inadequate or outdated data in collision tests, incorrect testing of airbag inflation, rear-seat damage in crashes and engine power.

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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 factory activity falls at fastest pace in 8 months, PMI shows
3 weeks, 1 day ago

Japan's factory activity falls at fastest pace in 8 months, PMI shows

Hindustan Times  

TOKYO, - Japan's factory activity shrank at the fastest pace in eight months in November as soft demand prompted firms to trim production, a private-sector survey showed on Monday. Japan's factory activity falls at fastest pace in 8 months, PMI shows The final au Jibun Bank Japan manufacturing purchasing managers' index slipped to 49.0 in November, the lowest level since …

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 …

Nissan stock slumps after it announces 9,000 job cuts and a plan to slash production
1 month, 2 weeks ago

Nissan stock slumps after it announces 9,000 job cuts and a plan to slash production

CNN  

Nissan Motor shares slumped 6% in Tokyo trade Friday, a day after the Japanese automaker said it would cut 9,000 jobs and a fifth of its manufacturing capacity as it struggles with sales in China and the United States. CEO Makoto Uchida said Thursday that Nissan had not foreseen hybrids’ sudden popularity in the US and that demand for revamped …

Japanese automaker Honda reports lower profits as China sales decline
1 month, 2 weeks ago

Japanese automaker Honda reports lower profits as China sales decline

The Independent  

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Japan's central bank survey underpins optimism about growth
2 months, 3 weeks ago

Japan's central bank survey underpins optimism about growth

Hindustan Times  

TOKYO — Business sentiment among Japan’s large manufacturers stood unchanged in the latest quarter from the previous quarter, according to a closely watched survey called “tankan” released Tuesday. Japan's central bank survey underpins optimism about growth The Bank of Japan survey put the benchmark index at plus-13 for the July-September quarter, the same from the previous survey conducted for April-June. …

Japan's central bank survey underpins optimism about growth
2 months, 3 weeks ago

Japan's central bank survey underpins optimism about growth

The Independent  

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ASX hits new record, CBA shares close at record high, Bank of Japan keeps rates on hold — as it happened
3 months ago

ASX hits new record, CBA shares close at record high, Bank of Japan keeps rates on hold — as it happened

ABC  

The Bank of Japan has issued this statement: At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollaterised overnight call to remain at around 0.25 per cent. On the price front, the …

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's Nikkei makes a comeback as recession fears ease on US retail sales data
4 months, 1 week ago

Japan's Nikkei makes a comeback as recession fears ease on US retail sales data

Hindustan Times  

Japan's Nikkei share average climbed nearly 3% on Friday and notched its best week in more than four years, as strong U.S. retail sales data soothed fears of a recession in the world's largest economy and Japan's top trading partner. Wall Street's main indexes closed higher on Thursday after U.S. retail sales increased 1% in July following a downwardly revised …

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters
4 months, 3 weeks ago

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters

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’s benchmark Nikkei 225 index …

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters
4 months, 3 weeks ago

Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters

Associated Press  

TOKYO — Japan’s benchmark Nikkei 225 index sank 5.8% on Friday in what some reports said were the worst single-day loss since Black Monday of 1987. The drop of more than 2,000 points to its close at 35,909.70 left the index near where it was in January, erasing huge gains that had taken the Nikkei index past the 40,000 level …

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 …

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal
6 months, 1 week ago

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal

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. Institutional Shareholder Services, majority owned …

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, 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 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 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 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 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  

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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 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 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 …

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 …

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, …

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’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 …

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