japan’s economy likely to grow for 4th straight quarter
Last Updated : GMT 23:09:18
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Arab Today, arab today

Japan’s economy likely to grow for 4th straight quarter

Arab Today, arab today

Arab Today, arab today Japan’s economy likely to grow for 4th straight quarter

Tokyo - QNA

Japan’s economy probably grew for the 4th straight quarter on higher consumer spending and reconstruction demand from Private-sector research firms are predicting annualized growth of between 0.8% to 3.7% for the first quarter, compared to the previous 3 months. The actual figure is due out in a week, according to (NHK World) website. The research firms say auto sales rose thanks to government subsidies for eco-friendly vehicles, and that contributed to the expansion. They also point to robust public investments in the quake-hit region as a factor. Still, the estimates indicate a slowdown compared with an annualized growth rate of more than 4% for the January-to-March period. Many analysts are forecasting a further slowdown on the possibility eco-car subsidies will be terminated later this summer. The sluggish global economy may also weigh down on Japanese exports.

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