Tag - gdp

 
 

GDP

In 2023, 15.4% of China's population was over 65, a demographic milestone that typically slows economic growth.
COMMENTARY / World
Jun 12, 2024
Is China too old to get rich?
By 2023, 15.4% of China's population was over 65, a demographic milestone that typically slows economic growth.
Japan's economy contracted less than initially reported in the January-March period on upward revisions to capital spending and inventory data.
BUSINESS / Economy
Jun 10, 2024
Japan’s sputtering economy yet to show clear signs of recovery
The data showed both consumers and companies cutting back on spending and unsold supplies building up on warehouse shelves.
Japanese companies' capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
BUSINESS / Economy
Jun 3, 2024
Japan’s firms trim spending, reflecting headwinds to growth
Capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
BUSINESS / Economy
May 16, 2024
Japan’s economy contracts as consumers and firms cut spending
Gross domestic product contracted at an annualized pace of 2% in the three months through March.
Gloomy economic conditions, especially weak consumption, raise questions over whether the Bank of Japan will be able to take further steps toward policy normalization.
BUSINESS / Economy
May 15, 2024
Japan GDP data expected to show contraction for first quarter
The preliminary data is expected to show that spending by consumers and companies fell, while net exports dragged on growth for the first time in a year.
The widespread adoption of renewable energy sources and implementation of energy efficiency are key to reducing emissions and, in turn, fueling economic growth.
COMMENTARY / World
May 2, 2024
We need economic growth to avert a climate catastrophe
The degrowth movement doesn't offer solutions to tackle global warming. Not only are its proposals unrealistic, but they may not even be effective.
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
JAPAN / Society
May 4, 2024
Japan’s record-low children population weighs on growth
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund, wrote in a blog post that global disinflation and the prospect of lower central bank interest rates had made a soft landing more likely.
BUSINESS / Economy
Apr 30, 2024
IMF boosts Asia growth forecast this year on China and India prospects
It expects Asia to grow 4.5% from the prior year — 0.3 percentage points higher than its previous forecast but still slower than last year’s 5% pace.
The skyline of central Mumbai's financial district
JAPAN
Apr 28, 2024
India seen overtaking Japan in nominal GDP in 2025
Japan's economy is expected to fall to the fifth largest in the world. In February, GDP data showed that Japan was overtaken by Germany in 2023.
South Korean President Yoon Suk-yeol
BUSINESS / Economy
Apr 25, 2024
South Korea’s economic growth beats forecast as exports rise
South Korea's gross domestic product advanced 1.3% in the three months through March, easily outpacing economists’ consensus for a 0.6% expansion.
Though renewable energy can significantly reduce carbon emissions, if growth remains the global economic imperative, increased energy use will prevent us from reaching decarbonization goals.
COMMENTARY / Japan
Mar 25, 2024
A call for economic degrowth
To achieve the systemic change needed to tackle the climate crisis, we must abandon GDP as the measure of social progress. This is what degrowth calls for.
Customers make a toast at an eatery in Tokyo. Many view Japan’s economy as being on the rise, and that of regional powerhouse China as declining. But how accurate is this narrative?
COMMENTARY / Japan
Mar 18, 2024
Japan is back, China is over. The trouble with narratives.
The idea that Japan and China's roles have flipped, with the former on the rise and the latter in decline, obfuscates important facts and trends.
Anti-capitalist protesters with Occupy San Francisco take part in a demonstration on the streets of the Californian city in October 2011.
COMMENTARY / World
Mar 10, 2024
The economic future of our overworked grandchildren
While John Maynard Keynes predicted a future of leisure and abundance, the world has seen an increase in wealth disparity and a culture of overwork.
Japan revised economic data higher, reversing a quarterly contraction in October-December 2023 into positive growth and avoiding a technical recession.
BUSINESS / Economy
Mar 11, 2024
Japan’s economy avoids recession one week before BOJ meeting
The government made an upward revision to capital investment figures to reflect 2% growth, which in turn sent the country's GDP into positive territory.
Research from the International Monetary Fund suggests that gains from fully closing the gender gap in labor markets could increase gross domestic product in developing economies by 23% on average.
COMMENTARY / Japan
Mar 8, 2024
The economic power of gender equality
There is ample empirical research demonstrating that gender equality delivers better results for people, for the planet and for profits.
A man looks at electronic boards displaying stock prices of companies listed on the Tokyo Stock Exchange in Tokyo on Monday. The benchmark 225-issue Nikkei average has surged at an unexpected pace of about 20% this year
BUSINESS / Economy / FOCUS
Mar 8, 2024
A stock rally but sluggish growth: What’s the deal with Japan’s economy?
The Nikkei is benefiting from companies' strong earnings, but wider economic indicators are much less positive.
Japan's corporate spending on plants and equipment jumped 16.4% in the fourth quarter from a year earlier, government data shows.
BUSINESS / Economy
Mar 4, 2024
Japan corporate capex jumps, paving way for BOJ exit from stimulus
Capital expenditure rose 16.4% in the fourth quarter from a year earlier, and 10.4% on a seasonally adjusted quarterly basis.
Prime Minister Fumio Kishida said the government would draw up a political policy package for the next three years or so for system reforms allowing the country's competitiveness and birthrate to improve by 2030.
BUSINESS / Economy
Mar 1, 2024
Japan may have lowest per capita GDP among major economies in 2060
The government estimate is likely to materialize if the country's productivity growth remains low as in recent years and the population continues to fall.
Indian Prime Minister Narendra Modi addresses the public on the outskirts of Varanasi, India, on Feb. 23.
ASIA PACIFIC
Mar 1, 2024
India posts surprise 8.4% surge in growth ahead of elections
The government predicts growth will reach 7.6% in the fiscal year through March, higher than an earlier projection of 7.3%.
A firefighter walks on mud and rocks from a mudslide during a storm in Los Angeles on Feb. 5.
ENVIRONMENT / Climate change
Feb 29, 2024
U.S. and Philippines pay highest economic price for climate-fueled weather
The U.S. currently experiences the worst losses in absolute terms: about $97 billion annually.

Longform

People wait for the main act to begin at Summer Sonic, which holds simultaneous music festivals for those in Tokyo and Osaka.
Can Japan's summer music festivals adapt to a post-pandemic reality?