Aug 13, 2014

Japan's GDP set to fall sharply; stimulus expectations may surge

Japan’s economy likely shrank sharply in the second quarter, which would be bad news for Prime Minister Shinzo Abe’s growth policies, but it could raise market expectations of further stimulus. Data due at 8:50 a.m. Wednesday will show gross domestic product contracted at a ...

Aug 2, 2014

Think tanks forecast 7.4% drop in April-June GDP

Eleven private-sector think tanks suspect the economy shrank by an annualized rate of 7.4 percent on average from April to June, in price-adjusted real terms. Japan’s real GDP is expected to drop sharply after surging 6.7 percent from January to March as consumers rushed ...

Jul 30, 2014

IMF examines risks that could lead to sharp cut in Japan's growth

The International Monetary Fund has presented a worst-case combination of risks that could shave Japan’s real gross domestic product growth by as much as 4 percentage points. The economy would contract if the country simultaneously faces sluggish wage growth, a firmer yen, stock price ...

Jul 30, 2014

Japan's output drops most since 2011 as consumers spend less

Industrial output fell the most since the March 2011 disasters, government data showed Wednesday, highlighting the widening impact to the economy of the April 1 consumption tax increase. Industrial output dropped 3.3 percent in June from May, the Ministry of Economy, Trade and Industry ...

Jul 22, 2014

Fiscal '14 growth forecast cut to 1.2%

The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on ...

Jul 11, 2014

Third-quarter growth may pave way for second stage of tax hike

The economy is likely to grow between July and September at a pace consistent with plans to complete the doubling of the consumption tax to 10 percent in October 2015, a government-affiliated nonprofit group said in a survey. The Japan Center for Economic Research ...

Jun 9, 2014

EU eyes using vice to boost economies

European governments are turning their attention to prostitution, drugs and contraband as possible ways of boosting their economic growth profiles, as they struggle away from their debt crises. Italy caused a stir when it announced last month that it would begin including revenues from ...

Jun 9, 2014

GDP up sharply in first quarter, toward 7% annual rate

Japan’s economy grew an annualized 6.7 percent in the first quarter of 2014 when adjusted for inflation, more than reported earlier because of an upwards revision in corporate capital spending, the government said Monday. Gross domestic product, the total value of goods and services ...

May 30, 2014

U.K. to count prostitution, drugs when measuring GDP

Sex please — we’re British. Britain’s Office of National Statistics said prostitution and the import, manufacture and consumption of illegal drugs will be counted when making the government’s quarterly calculations of gross domestic product. The statistics agency said Friday some of these activities are ...

May 22, 2014

Risks for the economy

Japan's gross domestic product for January-March increases by a higher-than-expected 1.5 percent from the previous quarter, driven partly by last-minute purchases by consumers ahead of the three-percentage-point hike in the consumption tax April 1.