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 for July-September 2020 is still in a severe situation due to the COVID-19, but it is showing movements of picking up later in the quarter,” the government said in a statement. “The driver of growth will shift to the service sector,” Makino said in a recent report, stressing consumption growth in that sector tends to be moderate, compared to the consumption of goods.

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History of this topic

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 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 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 …

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 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’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 …

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 …

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