Japan’s Economy Slides into a Recession as It Shrinks for Two Straight Quarter | World News
Japan has seen a surprise slide into recession as Shoppers and businesses prove reluctant to spend figures out Thursday showed GDP falling 4% at an annual rate over the October to December quarter analysts had expected a solid increase instead the number marked the second straight quarter of contraction the usual definition of recession
Private consumption which makes up more than half of all economic activity was one big negative falling 2% but Capital spending by firms also fell those factors overwhelmed a solid rise in exports now some economists fear the current quarter could also see a contraction with negatives including the aftermath of Japan’s New Year’s Day
Earthquake that all poses a fresh dilemma for the bank of Japan it had been expected to start moving away from negative interest rates in the coming months but Governor Kazo Eda has said he wants to see signs that Rising wages are driving consumption before he acts Thursday’s numbers suggest ueda may
Not get the signals he wants to start raising rates some economists predict the Central Bank may even have to sharply downgrade its GDP forecasts Japan’s niik stock index Rose around 1% after the data suggesting some Traders are betting rates will stay low for longer than previously Expected I looked up five balance sheets on money control I’ll do it on the Fly this took me exactly 3 minutes thanks to money control first thing to come up with money control so I don’t even have to scroll down to look at I click and I
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Japan’s economy slipped into a recession as it unexpectedly shrank for a second straight quarter on weak domestic demand. Data showed Japan’s GDP fell to 0.4% at an annual rate over the October-December quarter. This raises uncertainty about whether the central bank plans to exit its ultra-easy policy sometime this year. Watch for more details.
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