Japan's economic growth slowed in the April-June quarter, official data showed Monday, raising questions about whether Tokyo's bid to stoke growth was taking hold and if it would launch a series of tax hikes. The Cabinet office said the world's third-largest economy expanded by 0.6 percent from the previous quarter, slower than a revised 0.9 percent increase between January and March. The latest figures missed analyst expectations of 0.9 percent growth in the quarter. The pace of expansion also slowed on an annualised basis with a 2.6 percent increase, from a revised 3.8 percent in the first quarter. Annualised data show how the economy would grow if the quarterly performance was stretched across the full year. A weaker yen and rising domestic demand helped to more than double profits at major Japanese firms in the April-June quarter, according to SMBC Nikko Securities. However the broader impact of an economy-boosting plan launched by Japan's Prime Minister Shinzo Abe remains uncertain. The premier's administration is mulling a series of sales tax hikes aimed at doubling the rate to 10 percent by 2015, but some observers have warned the increases could stall Abe's growth plan. -- Dow Jones Newswires contributed to this report --
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor