Japan's economy is shrinking, although slightly less than previously thought
9 months, 2 weeks 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week, Toyota Chairman Akio Toyoda apologized for the wide-ranging fraudulent testing involving the use of inadequate or outdated data in collision tests, incorrect testing of airbag inflation, rear-seat damage in crashes and engine power.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

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending
2 weeks, 5 days ago

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending

Hindustan Times  

TOKYO — Japan’s has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit demand. Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending The Cabinet Office said Tuesday that Japan’s real gross domestic product, which measures the …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

The Hindu  

Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth-largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted real GDP, or …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

Associated Press  

TOKYO — Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted …

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track
1 month, 1 week ago

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track

Live Mint  

-- Japan’s economy outperformed forecasts as business spending and net trade helped fuel a third straight quarter of growth that will keep the Bank of Japan on track for further interest rate hikes. “An increase in investment and resilient consumption suggest the BOJ’s rate hikes haven’t knocked the wind out of the private sector.” — Taro Kimura, senior Japan economist …

Japan business survey shows slight improvement in outlook for manufacturers
3 months, 2 weeks ago

Japan business survey shows slight improvement in outlook for manufacturers

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 A quarterly survey by Japan’s …

Why Japan is struggling to recover its economic mojo
3 months, 3 weeks 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 months, 4 weeks 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 grows for a second straight quarter on the back of consumer spending
4 months, 2 weeks ago

Japan’s economy grows for a second straight quarter on the back of consumer spending

Associated Press  

TOKYO — Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data showed Friday. The world’s fourth-largest economy grew 0.2% in the fiscal second quarter, marking the second straight quarter of expansion, following 0.5% growth in April-June. Private consumption, which makes up more than half of Japan’s GDP, grew …

Japan’s economy continues to grow but at slower pace
4 months, 2 weeks 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
4 months, 3 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 carmaker Nissan cuts 9,000 jobs, reduces sales forecast for this fiscal
4 months, 3 weeks ago

Japanese carmaker Nissan cuts 9,000 jobs, reduces sales forecast for this fiscal

Live Mint  

Japanese carmaker Nissan announced that the company will lay off 9,000 employees, and reduce its sales forecast for the financial year 2024-25, citing it to be a part of the urgent measures taken to tackle “a severe situation,” reported the news agency AFP on Thursday, November 7. “Nissan will cut global production capacity by 20 per cent and reduce its …

Japanese automaker Honda reports lower profits as China sales decline
4 months, 3 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
5 months, 4 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
5 months, 4 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
6 months, 1 week 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
6 months, 3 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
7 months, 2 weeks 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
7 months, 4 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
7 months, 4 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
8 months, 4 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
9 months, 1 week ago

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

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 exports surged 13.5% in …

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal
9 months, 2 weeks 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
9 months, 2 weeks 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
9 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
10 months, 2 weeks 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 …

Understanding the Paradox of Japan’s Economy
11 months ago

Understanding the Paradox of Japan’s Economy

The Diplomat  

Recently two seemingly paradoxical headlines about the Japanese economy caught people’s attention. Japan thus dropped to the world’s fourth-largest economy, 13 years after its long hold on the number two position was overtaken by China in 2010. Data from the IMF shows that Japan’s average real growth rate annually from 2000 to 2022 was only 0.7 percent, while that of …

Japan’s central bank survey finds less optimistic manufacturers, but happier service sector
11 months, 4 weeks ago

Japan’s central bank survey finds less optimistic manufacturers, but happier service sector

Associated Press  

TOKYO — A key Japanese central bank report said Monday that sentiment among big manufacturers has sagged but that optimism is at a three-decade high among large business outside the manufacturing sector. The Bank of Japan’s “tankan” report said sentiment among large manufacturers, which include auto and electronics giants, declined in March for the first time in a year, standing …

Japan economy avoids recession, Q4 GDP revised up to slight expansion
1 year 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
1 year 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
1 year, 1 month 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
1 year, 1 month 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
1 year, 1 month 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 …

Is Japan’s economy at a turning point?
1 year, 2 months ago

Is Japan’s economy at a turning point?

Live Mint  

Aoki Masahiko, a prominent Japanese economist, once predicted it would take 30 years for his country’s economy to emerge from the “lost decades" that began in the early 1990s. Though wage growth still lags price growth, if next year’s annual shunto wage negotiations produce big gains again, a long-awaited virtuous cycle of price and wage growth would be tantalisingly close. …

Japan’s economy sinks into contraction as spending, investment decline
1 year, 4 months 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, 6 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, 7 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, 10 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 tech investor SoftBank sinks into second year of losses
1 year, 10 months ago

Japan tech investor SoftBank sinks into second year of losses

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 Japanese technology investor SoftBank Group …

Nissan reports surging profit amid strong sales, easing chip crunch
1 year, 10 months ago

Nissan reports surging profit amid strong sales, easing chip crunch

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 Japanese automaker Nissan reported Thursday …

Japan’s economy unexpectedly shrinks as consumptions slows
2 years, 4 months ago

Japan’s economy unexpectedly shrinks as consumptions slows

Al Jazeera  

Asia’s second-largest economy shrinks 0.3 percent after three straight quarters of growth. Japan’s economy has unexpectedly shrunk in the third quarter as private consumption slumped and import costs rose. Asia’s second-largest economy contracted 0.3 percent during July-September, official data showed on Tuesday, after three consecutive quarters of growth. Private consumption, which accounts for more than half of Japan’s $5 trillion …

Japan’s business mood worsens for third straight quarter
2 years, 5 months ago

Japan’s business mood worsens for third straight quarter

Al Jazeera  

Japanese manufacturers’ business sentiment worsened for the third straight quarter in July-September, according to a central bank survey, as the world’s third-largest economy battled rising costs, a plummeting yen and pandemic restrictions. Big manufacturers’ business outlook fell to plus 8 in September from plus 9 in June, the Bank of Japan’s “tankan” survey showed on Monday. Service sector sentiment improved …

Japan economy grows 2.2% in 2Q on revived consumer spending
2 years, 7 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 rebounds from COVID, growing 2.2 percent in Q2
2 years, 7 months ago

Japan’s economy rebounds from COVID, growing 2.2 percent in Q2

Al Jazeera  

Growth driven by rise in private consumption following the lifting of pandemic curbs in March. Japan’s economy grew an annualised 2.2 percent in the second quarter, as robust private consumption provided a boost to the country’s long-delayed recovery from the COVID-19 pandemic. The growth was driven largely by a 1.1 percent rise in private consumption, which accounts for more than …

Japan’s economy contracts, but at smaller rate than thought
2 years, 9 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 factory output slumps in worrying sign for economy
2 years, 9 months ago

Japan’s factory output slumps in worrying sign for economy

Al Jazeera  

Factory production falls 1.3 percent in April as China’s lockdowns and the Ukraine war weigh on manufacturers. Japan’s factory output fell sharply last month as China’s draconian “zero COVID” policies and supply chain blockages hampered manufacturing and dampened prospects for growth in the world’s third-largest economy. Factory production fell 1.3 percent in April compared with the previous month, government data …

Japan’s Q1 GDP shrinks as Ukraine, cost of living cloud outlook
2 years, 10 months ago

Japan’s Q1 GDP shrinks as Ukraine, cost of living cloud outlook

Al Jazeera  

World’s No 3 economy shrinks at an annualised rate of 1 percent in January-March from the previous quarter. Japan’s economy shrank for the first time in two quarters in the initial three months of the year as COVID-19 curbs hit the service sector, and the Ukraine war and surging commodity prices created new headaches for consumers and businesses. The world’s …

Japan’s economy rebounds in Q4, growing annualised 5.4 percent
3 years, 1 month ago

Japan’s economy rebounds in Q4, growing annualised 5.4 percent

Al Jazeera  

Outlook for sustained recovery clouded by rising raw material costs and spike in Omicron infections. Japan’s economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in Omicron variant infections cloud the outlook. The world’s third-largest economy expanded an annualised 5.4 percent in October-December after …

Japan's Nissan swings back to profit despite chips crunch
3 years, 1 month ago

Japan's Nissan swings back to profit despite chips crunch

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 Japanese automaker Nissan swung back …

Japan’s economy shrinks faster than expected in Q3
3 years, 4 months ago

Japan’s economy shrinks faster than expected in Q3

Al Jazeera  

Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions and fresh COVID-19 cases hit business and consumer spending, raising challenges for the new government’s growth plans. While many analysts expect the world’s third-largest economy to rebound in the current quarter, worsening global production bottlenecks pose increasing risks to the outlook. “We expect the economy …

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