Arab Today, arab today japan cuts quarterly economic growth figures
Last Updated : GMT 14:04:25
Arab Today, arab today
Arab Today, arab today

Japan cuts quarterly economic growth figures

Arab Today, arab today

Arab Today, arab today Japan cuts quarterly economic growth figures

Tokyo - AFP

Japan on Monday revised down its quarterly growth figures, reigniting fears that the world\'s third-largest economy was stumbling amid turmoil in Europe and a slowdown in Asia. Analysts said gross domestic product figures were within market expectations, but warned that an export slump and widening trade deficit would hurt the faltering economy, which grew 0.2 percent between April and June. Preliminary figures from the Cabinet office had earlier shown 0.3 percent GDP growth for the quarter. \"Japan\'s economic slowdown is visible now,\" said Hideki Matsumura, chief economist at Japan Research Institute. \"Exporters are facing a tough environment, while the auto sector is slowing at home due to the end of government incentives\" for eco-friendly cars. \"I\'m afraid that we are going to see more and more negative economic data from now on. It would be no surprise if Japan\'s GDP shrinks later this year.\" On an annualised basis, the economy grew a revised 0.7 percent in the quarter, lower than a preliminary 1.4 percent rise, the data showed. The government has taken a series of steps to spur growth, including the incentives for fuel-efficient vehicle purchases and measures to rebuild the northern region hit by last year\'s deadly earthquake and tsunami. But Japan\'s economy has faced headwinds caused by Europe\'s debt crisis, which has slowed growth worldwide, while a high yen has made Japanese exports less competitive in overseas markets. Last month, the government downgraded its views on consumer sentiment and machinery orders, while the Bank of Japan effectively cut its assessments on exports and factory production. It is not unusual for there to be a gap between the government\'s preliminary and revised data for annualised GDP following adjustments in other figures. Capital spending showed a 1.4 percent on-quarter increase, down from a preliminary 1.5 percent expansion. Private consumption, which accounts for about 60 percent of Japan\'s GDP, was unchanged from an initial estimate of a 0.1 percent gain. In another sign of slowing growth, Japan\'s current account surplus in July tumbled 40.6 percent from a year earlier as exports to Europe and China weakened, the finance ministry said. The current account, the broadest measure of Japan\'s trade with the rest of the world, recorded a surplus of 625.4 billion yen ($8.0 billion), down from a year ago but ahead of a market forecast of 438.2 billion yen. The current account measures trade in goods, services, tourism and investment and marks the difference between Japan\'s income from foreign sources against payments on foreign obligations. Within the current account figures, Japan posted a trade deficit of 373.6 billion yen, reversing a year-earlier surplus as exports turned down 7.4 percent. The export slump showed \"the recovery in overseas economies, which was expected in the latter half of this year, is being delayed,\" RBS Securities chief Japan economist Junko Nishioka told Dow Jones Newswires.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan cuts quarterly economic growth figures Arab Today, arab today japan cuts quarterly economic growth figures

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan cuts quarterly economic growth figures Arab Today, arab today japan cuts quarterly economic growth figures

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday