Japan GDP Rises 4%
Japan GDP Rises 4%

Japan GDP Rises 4%

Japan GDP Rises 4%

The big news of the week was Japan’s impressive 4% gross domestic product growth for the second quarter of the year. This was the biggest increase since the first quarter of 2015. The growth also makes Japan the fastest-growing economy among the Group of Seven advanced economies, Kyodo reported. Private consumption gained 0.9% on a quarterly basis, while business spending expanded 2.4%. The total size of the economy grew to 545 trillion yen ($5 trillion).  The biggest gains were in consumption and business spending, both essential ingredients in sustaining the nation’s expansion. The world’s third-largest economy, Japan could be in even better shape if Prime Minister Shinzo Abe could overcome ancient tradition and political opposition by welcoming large-scale immigration. The GDP jump happened despite anemic increases in wages at the biggest employers, and despite the central bank’s continuing struggle to fully escape decades of either very low inflation or deflation. Japan’s population is aging and shrinking, having peaked in 2009.

Short URL : https://goo.gl/HQb9Np
  1. https://goo.gl/FQhHdF
  • https://goo.gl/Ndc8HU
  • https://goo.gl/9Scw6s
  • https://goo.gl/JMBuvL
  • https://goo.gl/LzAC2A

You can also read ...

 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...

Add new comment

Read our comment policy before posting your viewpoints