Japan out of recession but growth lower than thought

Share
The Japanese economy expanded 0.4 percent in the October-December period from the previous quarter, down from an initial estimate of 0.6 percent growth, the Cabinet Office said.
Private-sector capital investment was also revised down to a 0.1 percent drop on the previous quarter, compared with an earlier announced rise of 0.1 percent.
The data confirmed, however, that the Japanese economy exited recession in the final quarter of 2014 as the gross domestic product (GDP) expansion followed two consecutive quarters of contraction.
Japan's economy slammed on the brakes last year after an April sales tax rise hammered consumer spending.
On an annualised basis, Japan's GDP growth was revised down to 1.5 percent from the previous figure of 2.2 percent.
It trails the reading for the United States, where revised data showed the economy growing an annualised 2.2 percent in the fourth quarter.
The US Labor Department said Friday the economy pumped out 295,000 new jobs in February, raising expectations the Federal Reserve will raise interest rates as early as June.
- Biden picks another Pakistani-American for key role02:30 PM | 5 Mar, 2021
- Saboor Aly celebrates 26th birthday in style02:05 PM | 5 Mar, 2021
- Gauahar Khan’s father passes away in Mumbai01:41 PM | 5 Mar, 2021
- Five PSL gamblers arrested in Karachi01:19 PM | 5 Mar, 2021
- Fast & Furious 9 delayed again12:53 PM | 5 Mar, 2021
- Gauahar Khan’s father passes away in Mumbai01:41 PM | 5 Mar, 2021
- Fast & Furious 9 delayed again12:53 PM | 5 Mar, 2021
- Imad Wasim and wife Sannia welcome a baby girl07:43 PM | 4 Mar, 2021
- 10 celebrities who are left-handed05:11 PM | 28 Feb, 2021
- Pakistan up three places to 105th spot in EIU's 2020 Democracy Index11:13 AM | 7 Feb, 2021
- 5 famous personalities who were banned from social media06:51 PM | 3 Feb, 2021
- Hollywood's top female celebs who lift weights to stay fit02:36 PM | 22 Jan, 2021