Home NEWS World Japan’s economy shrinks in January-March quarter

Japan’s economy shrinks in January-March quarter

1 min read
0
16

Sponsored links

Japan’s economy shrank at an annualized rate of 0.6 percent in the quarter through March, as private investment and public spending declined.

The Cabinet Office said Wednesday Japan’s gross domestic product — the value of a nation’s goods and services — dipped on-quarter 0.2 percent. The annualized rate, which is also seasonally adjusted, is what that decline would have been if it had continued the whole year.

Analysts had expected a decline. They say it is not likely to show a serious ongoing slowdown.

The Japanese economy has been relatively healthy in recent quarters, picking up from the doldrums that spanned previous decades, on extremely free lending and a government program designed to fight deflation — the continual spiraling down of prices.

Sponsored links
Source link

Load More Related Articles
Load More In World
Comments are closed.

Check Also

Lebanon’s Saad Hariri designated as next prime minister | Lebanon News

Lebanese President Michel Aoun has asked Saad Hariri to form a new government, designating…