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Economy in Japan

  • Japan’s growth falls below expectations

    JAPAN, 2017/06/20 JAPAN yesterday posted lower-than-expected increase in the initial quarter, but official data still confirmed that the country saw its longest economic expansion in over a decade. The world’s number three economy grew 0.3 % between January and March — or 1.0 % at an annualized rate — which was down from a preliminary 0.5 % increase estimate.
  • The Asian Development Bank says the region will remain the biggest contributor to global growth in 2017.

    CHINA, 2017/04/10 Asia is set to remain the world’s biggest contributor to world increase in 2017, with activity picking up in two-thirds of the region’s developing economies, according to the Asian Development Bank (ADB). The increase outlook has reassured investors amid rising geopolitical tensions in the world’s most economically dynamic region. In its “Asian Development Outlook 2017,” the Philippines-based organization predicted gross domestic product (GDP) increase for Asia and the Pacific of 5.7 % this year and next, a slight drop from last year’s 5.8 %, despite stronger external request, improved commodity prices, and domestic reforms.
  • Japan Producer Prices Jump 0.4% In July

    JAPAN, 2016/08/25 Producer prices in Japan were up 0.4 % on year in July, the Bank of Japan said on Thursday. That beat expectations for an increase of 0.1 % following the 0.2 % gain in June.
  • China likely to repeat Japan’s lost decades with debt, unbalanced economy, Senate hearing finds

    CHINA, 2016/07/16 China is likely to fall into the same economic trap as Japan did to muddle along with sluggish increase as it hesitates to transaction with the overcapacity and excess deficit issues, economists told a Senate hearing Thursday. A further slowdown in the Chinese economy would affect the U.S. by denting the exports of China’s Asian and European trading partners and encouraging a flurry of world currency depreciation, witnesses told the Senate Banking Committee.
  • Japan Producer Prices Rise 0.4% On Year In December

    JAPAN, 2016/01/26 Producer prices in Japan were up 0.4 % on year in December, the Bank of Japan said on Tuesday. That exceeded forecasts for an increase of 0.2 %, which would have been unchanged from the November reading. On a monthly basis, prices ticked up 0.1 % following the 0.2 % gain in the previous month. Part the individual components, prices were up for advertising and real estate services, and down for leasing and rental.
  • Japan: Slowly recovering?

    JAPAN, 2016/01/04 Advanced indicators still point to a fragile outlook. The trade balance in November deteriorated to -JPY379.7bn (+JPY108.3bn in October). Export volumes contracted (-3.1% y/y) due to lower request from the U.S. and Asia and imports registered a small upturn (+1.6%y/y from -3.8%) as request for EU goods recovered. Industrial activity gained some traction, with production increasing +1.4% m/m in October (+1.1% in September). Business surveys point to a robust outlook, with manufacturing PMI at 52.5 in December.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • APEC economies growth slows to 3.1 pct in Q2

    BRUNEI , 2015/11/18 Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday. The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies. The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement. "Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.
  • Prime Minister Shinzo Abe

    JAPAN, 2015/11/11 The Japanese Prime Minister’s much heralded and debated economic paradigm Abenomics has provided Japan with solid ground to reorient itself for a additional globalized world. Presently its final implementation is underway Prime Minister Shinzo Abe’s economic plan that helped get him elected in 2012 is designed to flush Japan out of two decades of deflation. Dubbed “Abenomics”, the three-pronged plan or “arrows” involves increased government spending, bold monetary stimulus, and structural reforms to lift the long-term increase rate. Japanese companies are as well reorienting themselves for a additional globalized world. “Six years ago, we focused on the domestic front. There’s a lot of dynamism and innovation in Japan. We want to bring that to the world market,” says Irene Hirano Inouye, President of the U.S.-Japan Council.
  • Japan's inflation rate up 2.2% in March as BOJ keeps policy unchanged

    JAPAN, 2015/05/02 Japan’s core inflation rate edged up in March and unemployment eased slightly, according to data released Friday, offering glimmers of promise for the world’s No. 3 economy as it struggles to get increase back on track next years of stagnation. Though a decline in factory output and other key measures were less encouraging, the central bank kept its ultra-loose monetary policy unchanged in a policy conference Thursday. Some investors and analysts expected additional stimulus to be announced. The central bank governor, Haruhiko Kuroda, acknowledged that his target of 2% inflation, excluding the impact of an April 2014 increase in the sales tax to 8% from 5%, remains elusive. He said actual inflation is flat at 0% and it may take three years, instead of the two years he originally aimed for, to reach that goal.