Japan's economy rebounds as consumers, companies spend more

Japan's economy rebounds as consumers companies spend more

Japan bounced back to growth following its first contraction in two years, official figures showed Friday, with gross domestic product (GDP) expanding by 0.5 percent quarter-on-quarter in the April-June period, compared with a 0.2-percent decline between January and March.

The rebound in consumer spending is a welcome development for the Bank of Japan but unlikely to be enough to change its stance that interest rates need to stay low for a very long time to end the country's deflationary mindset.

"Global trade conflict remains a risk factor... focus is how much the USA demands Japan over trade issues".

The preliminary data released by the Cabinet Office revealed that Japan's economy had recovered from a 0.9-percent annualized contraction in the previous quarter and had dodged a slip into recession, owing to a pick-up in private consumption and capital expenditure.

Business investment jumped 1.3 percent following a 0.5 percent gain in the previous quarter, thanks partly to booming construction ahead of the Tokyo Olympics in 2020. The country's big automakers, including Toyota, Nissan and Honda, are anxious about US President Donald Trump's threats to impose tariffs on auto imports.

"The economy is running into capacity constraints. It's a question of how much", he said in a note to investors.

Spurs begin EPL season with entertaining win at Newcastle
Some people make a drama in football and drama for me is another thing", Pochettino said. "Score or not score, I don't have doubts about this".

U.S. airline worker steals plane, takes it for flight before crashing it
The plane crashed either while the man was doing stunts or because of a lack of flying skills, according to the Sheriff's Office. On a walk near Chambers Bay Golf Course, Derek Funk and his girlfriend, Lesley Gordon, heard the aircraft before they saw them.

Jennifer Garner and Ben Affleck's Divorce Case Could Be Dismissed
The divorce was reportedly called off in March 2017, and Affleck didn't move out of the home they shared until May 2017. Superior Court is hinting that if they don't act fast, their case could be dismissed.

Many industries face labour shortages due to a rapidly ageing population.

External demand, or exports minus imports, subtracted 0.1 percentage point from growth, missing expectations for a 0.1 percentage point contribution.

Exports are expected to have risen 6.3 percent in July from a year earlier, the poll of 16 economists showed, after rising 6.7 percent in June.

The United States has pressured Japan for a bi-lateral free-trade agreement as a way to lower the USA trade deficit.

The two countries failed to reach any consensus in talks on Thursday after Japanese Economy Minister Toshimitsu Motegi insisted on Tokyo's position that it preferred multilateral free trade agreements over bilateral ones.

"Concerns over the potential auto tariffs can't be ignored", said Japan Research Institute economist Yusuke Shimoda.

Related News:



Most liked

I fear being fined if I speak out, says Pogba
Pogba played a key part in France's successful World Cup campaign and was therefore allowed to miss most of United's pre-season. We have to wait until the end of November to understand if we can fight for the title". "It's a different team, obviously".

2nd Unite the Right rally happening in Washington Sunday
Washington police chief Peter Newsham said firearms will be prohibited at the rallies, even for gun owners with legal licenses. A year ago the goal of the rally on August 12, 2017 was to protest city plans to remove a statue of General Robert E.

All-hands search for Marine who went overboard near Philippines
The Marine's family has been notified, but the service is withholding his or her identification while the search is ongoing. The US 13th Marine Expeditionary Unit said a member, who was not named, may have gone overboard Thursday morning.

England vs India 2nd Test, Day 3: Hosts lose openers Jennings, Cook
Play resumed with England , 1-0 up in a five-match series after their 31-run win at Edgbston last week, yet to bat. Together with Jonny Bairstow , Woakes soon set about turning that around.

Authorities Investigate the Circumstances Surrounding 'Suicidal' Employee Who Stole a Plane
There is now a background check being done on him to see if a possible motive can be found. [The plane did] a complete loop. He flew it for an hour, followed by two armed F-15 jets from OR that the military scrambled , before he crashed.

Koepka takes 2-shot lead at PGA Championship
He was at 3-over par for the second round through nine holes and 4 over for the tournament, putting him in a tie for 111th. American Gary Woodland was leading the field with a daunting clubhouse total of -10 but there were birdies to be had.

Simona Halep easily advances to Rogers Cup final in Montreal
The American baseliner broke again for 3-1 in the second set and closed it out in 1:38. "I played some really tough players. Halap broke twice more to open the second set and completed the victory over the Australian in 71 minutes.

Kylie Jenner’s Baby Stormi Is Basically A Model Already & She's Beyond Cute
Other famous faces at the party included models Bella Hadid and Cara Delevingne and singer Nicki Minaj. She shared the following stunning images of herself and Stormi , captioned with, " My heart ".

NASA set to launch historic 'touch the Sun' spacecraft
Eugene Parker predicted the existence of solar wind 60 years ago. "We will fly by Venus seven times throughout the mission". As soon as the red pressure alarm for the gaseous helium system went off, a launch controller ordered, "Hold, hold, hold".

Everton Complete Signing Of Manchester United Target On Deadline Day
Ayew, who has 11 goals in 49 appearances for Ghana, scored 11 times for Swansea last season as he impressed in a struggling side.

Day in tears after death of 'good buddy' Lyle
But an uncharacteristically poor display on the greens from the US PGA Tour's No.1-ranked putter prevented an exceptional round. Lyle's friend and fellow Australian golfer Mark Leishman said the golfing fraternity was shattered. "Miss you mate.

Discord to launch digital game store
It added several nifty features, though whether users ultimately abandon Discord for Steam in the chat space remains to be seen. Likewise, its "First on Discord " initiative is created to give users access to 90-day exclusives, and a universal library.

Monster Hunter World Gets Steam Workshop Support for Mods
Earlier this year, Monster Hunter World was released on PlayStation 4 and Xbox One to both critical and financial acclaim. If you are interested in purchasing Monster Hunter: World , it is now going for $59.99.

Florida Woman Fleeing Police Gets Corralled By Cows
A crew member offered this nugget to pursuing officers: "If you see a large group of cows, they're literally following her". A farmer named Richard Kondracki owned the cows, according to WKMG News 6 , the local CBS affiliate.

Trump Calls Omarosa A 'Lowlife' Ahead Of Her Book Release
When Manigault Newman questioned him about bucking the inauguration tradition, Trump allegedly responded with "Yeah". The $15,000-per-month retainer has been confirmed by the Washington Post , which reviewed a copy of the offer.