Tag - gdp

 
 

GDP

A Self-Defense Forces tank unit takes part in parade at Camp Asaka, near Tokyo, in October 2018. The percentage of GDP spent on defense is a politically convenient but flawed metric that oversimplifies the complex realities of alliance management.
COMMENTARY / Japan
Jul 2, 2025
In the Trump era, how much should countries really be spending on defense?
In truth, the “percentage of GDP” approach is a political one, not a practical one
Economic losses in Japan stemming from workers' mental or physical disorders, linked to lower labor productivity, represent about 1% of the country's nominal gross domestic product for 2024.
BUSINESS
Jun 20, 2025
Annual economic losses from workers' health issues reach ¥7.6 trillion
The losses, linked to lower labor productivity, represent about 1% of the country's nominal gross domestic product for 2024.
World Bank Deputy Chief Economist Ayhan Kose speaks during an interview on Monday in Washington.
BUSINESS / Economy
Jun 11, 2025
World Bank sees Japan's growth slowing in 2025
The institution has lowered its 2025 growth estimate for Japan's gross domestic product to 0.7% in inflation-adjusted real terms.
Prime Minister Shigeru Ishiba attends a Liberal Democratic Party executive meeting in Tokyo on Monday.
JAPAN / Politics
Jun 10, 2025
As election looms, Ishiba pledges ¥1 quadrillion GDP by 2040
Ahead of the Upper House election, the prime minister has unveiled the ambitious target, along with raising the average income by at least half.
Japan's gross domestic product shrank at an annualized pace of 0.2% in the three months through March, the revised data showed, confirming the country's economy shrank even before U.S. President Donald Trump amped up tariff pressure in April.
BUSINESS / Economy
Jun 9, 2025
Japan confirms GDP contraction, backing BOJ’s cautious stance
GDP shrank at an annualized pace of 0.2% in the three months through March, a less severe drop than the initial estimate of a 0.7% decline.
OECD Secretary-General Mathias Cormann delivers a speech at OECD headquarters in Paris on Tuesday.
BUSINESS / Economy
Jun 3, 2025
Trade war cuts global economic growth outlook: OECD
After 3.3% growth last year, the world economy is now expected to expand by a "modest" 2.9% in 2025 and 2026, the OECD said.
The Japanese economy flipped back into reverse in the first three months of the year, with consumption staying below its pre-pandemic level as inflation saps purchasing power.
BUSINESS / Economy
May 16, 2025
Japan’s economy shrank for the first time in a year before tariff jolt
The first contraction under Prime Minister Shigeru Ishiba adds to concerns about the resilience of the economy before tariffs came into effect.
A median estimate of economists shows Japan's gross domestic product likely shrank by 0.3% in the January-March quarter on an annualized basis.
BUSINESS / Economy
May 12, 2025
Japan’s sputtering economy likely stalled before Trump’s tariffs
Gross domestic product adjusted for inflation shrank by 0.3% in the first quarter on an annualized basis, according to economists.
U.S. President Donald Trump (center), Secretary of State Marco Rubio (left) and Secretary of Defense Pete Hegseth attend a Cabinet meeting at the White House in Washington on Wednesday.
WORLD / Politics
May 1, 2025
Trump's Cabinet shrugs off economic contraction, at odds with pledges
Figures show U.S. gross domestic product contracted at an annual rate of 0.3 percent in the first quarter.
Vehicles travel along the 110 freeway in downtown Los Angeles. California's GDP has overtaken Japan's to become the world's fourth largest economy, according to the U.S. state.
BUSINESS / Economy
Apr 27, 2025
California says it overtakes Japan to become world’s No. 4 economy
Japan's annual GDP was surpassed by China in 2010 and Germany in 2023, positioning the country in fourth place.
Japan's economy expanded in the October-December quarter at a slower pace than earlier reported as consumption came in weaker than expected.
BUSINESS / Economy
Mar 11, 2025
Japan’s economic growth revised lower ahead of BOJ meet
The revised figures highlight pockets of weakness in the Japanese economy even as it continues to moderately expand.
Amid rising global defense spending, U.S. President Donald Trump's push for 5% of GDP on military budgets poses a challenge for American allies, including Japan, which is already struggling to meet its 2% target.
COMMENTARY / Japan
Feb 25, 2025
U.S. defense spending demands could transform global security
The level of spending the U.S. is demanding could spark an arms race as adversaries try to match NATO and America's Asian allies.
Japan's gross domestic product grew by an annualized rate of 2.8% in the October-December period, far more than the 1% forecast.
BUSINESS / Economy
Feb 17, 2025
Japan’s economic boomlet continues with strong fourth-quarter growth
Gross domestic product grew 2.8% in the three months to December, compared with a median market estimate of a 1% gain.
"The public and private sectors need to work as one to realize (Keidanren's) targets," Prime Minister Shigeru Ishiba said at a joint meeting of the public and private sectors to expand domestic investment, held on Monday at the Prime Minister's Office in Tokyo.
BUSINESS / Economy
Jan 28, 2025
Keidanren sets ¥200 trillion capital spending target for fiscal 2040
The target was unveiled at a joint meeting of the public and private sectors to expand domestic investment.
World Bank Deputy Chief Economist Ayhan Kose says there is room for the Bank of Japan to raise interest rates.
BUSINESS / Economy
Jan 19, 2025
Japan likely to see 'healthy growth' through 2026: World Bank exec
In its economic forecast released Thursday, the World Bank predicted Japan's gross domestic product will grow a real 1.2% in 2025 and 0.9% in 2026.
Pierre-Olivier Gourinchas (left), chief economist of the International Monetary Fund, speaks with Federal Reserve Chair Jerome Powell prior to the start of the International Monetary and Financial Committee plenary session at the IMF and World Bank's 2024 annual spring meetings in Washington last April.
BUSINESS / Economy
Jan 18, 2025
IMF keeps Japan's 2025 growth outlook intact
The IMF left its outlook for Japan for 2025 and 2026 unchanged from its previous October projection at 1.1% and 0.8%, respectively.
Rescue workers search a flooded area during the aftermath of Typhoon Hagibis, which caused severe floods at the Chikuma River, in the city of Nagano in October 2019.
ENVIRONMENT / Climate change / OUR PLANET
Jan 12, 2025
Disaster-hardened Japan faces enormous costs from climate change
The total cost in climate damages for the country through 2050 could amount to ¥952 trillion if more ambitious action isn't taken.
IMF Managing Director Kristalina Georgieva speaks during a meeting in Washington on Friday.
BUSINESS / Economy
Jan 11, 2025
IMF chief sees steady world growth in 2025, continuing disinflation
Managing Director Kristalina Georgieva said the U.S. economy was doing "quite a bit better" than expected, although there was uncertainty around Donald Trump's trade policies.
The Japanese economy is expected to grow 1.2% in fiscal 2025 in price-adjusted real terms, according to a government forecast.
BUSINESS / Economy
Dec 26, 2024
Japan's government expects 1.2% economic growth for fiscal 2025
The government maintained its view that personal consumption will be solid thanks to stable inflation and the effects of its economic package.
Keidanren chief Masakazu Tokura speaks to reporters in the city of Nanao, Ishikawa Prefecture on Nov. 20.
BUSINESS / Economy
Dec 10, 2024
Keidanren urges tax hike for rich with eye on ¥1 quadrillion GDP
Such a move will help the nation achieve a “virtuous cycle of growth and distribution,” Keidanren chief Masakazu Tokura says.

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