Japan avoids technical recession as economic growth figures revised – BBC News

Japan’s official economic growth figures have revised showing a 0.4% increase in GDP in the last 3 months of 20123 compared to the previous year this comes after the second consecutive quarter of economic contraction which is typically considered a technical recession however the revised figures are below expectations and private

Consumption which makes up 60% of the economy fell by 0.3% the bank of Japan’s interest rates are expected to rise making the Yen less attractive to Global Investors

Source:https://www.bbc.com/news/business-68531246

Comments are closed.