The Cabinet Office today revealed the world’s no.2 economy grew at a slower rate in the fourth quarter than previous estimates showed.
According to official figures, the Japanese economy grew by 0.9% between the October and December period, rather than the 1.1% previously estimated.
On an annual basis...
Posted to
Finance
on 03-11-2010
Filed under: All Financial News, Economy News, Japan, GDP, deflation, growth, slow, recovery, revised, downwards, pressures, Q4
The recovery in the world’s second largest economy appears to be gathering strength after figures revealed a rise in industrial output and retail sales.
Official figures have today revealed retail sales rose last month for the first time since August 2008. According to the Economics Ministry, retail...
Posted to
Finance
on 02-26-2010
Filed under: All Financial News, Economy News, interest rates, Japan, industrial output, rise, deflation, retail sales, recovery, pressures
There have been fears that the return of deflation within the world’s second largest economy could stall growth.
A short period of deflation (where prices fall rather than increase) could be a serious threat to the economy because it deters consumers and businesses from spending in expectation of falling...
Posted to
Finance
on 02-16-2010
Filed under: All Financial News, Economy News, Japan, deflation, threat, Bank of Japan, target, fight
The Japanese economy grew at a better than expected 1.1% in the last three months of 2009, meaning it retains its status as the world’s second largest economy.
Meanwhile, official figures show that GDP grew at an annualised pace of 4.6% in the fourth quarter of 2009, cementing a strong recovery from...
Posted to
Finance
on 02-15-2010
Filed under: All Financial News, euro zone, Economy News, recession, Japan, deflation, growth, expectations, recovery, beat, quarter four