Japan's economic growth revised downward as capital investment slows
The economy expanded at a slower pace in the second quarter than initially reported as growth in business investment proved less robust than first thought. Gross domestic product grew at an annualized pace of 1.3 percent in the three months through June from the previous ...
Russia's economy expanded 2.3 percent last year, growing more quickly than the government and the IMF had predicted, according to state statistics published Monday. Russia's growth rate accelerated from 1.6 percent in 2017 and exceeded the economy ministry's prediction of 1.8 percent as well as ...
China says it will strive to hit growth target despite challenges
China will keep its economic growth within a reasonable range and achieve this year's growth target despite challenges, the state-run Xinhua news agency said on Tuesday, amid an intensifying trade war with the United States. The world's second-largest economy has already felt the pinch from ...
Escalating trade tensions are threatening to derail a global upswing that is already losing momentum amid weaker than expected growth in Europe and Japan, warns the International Monetary Fund. The IMF kept its global forecast unchanged Monday in the latest update to its Global Economic ...
Japan's April-June GDP jumped annualized 4% on consumption, capital expenditures
Growth is expected to continue in coming quarters, offering the Bank of Japan hope that a tight labor market is finally starting to boost consumer spending.
Japanese researchers to analyze big data on babies' development
In Japan people say neru ko wa sodatsu — a child who sleeps well grows up well. But does sleeping really bear a causal relationship to a child's height? In an attempt to find out whether this well-known proverb can be scientifically backed up and ...
Japan slashes growth forecast to 0.9% amid slack consumption and investment
The government has slashed its domestic economic growth projection for this fiscal year because an anticipated purchasing surge did not materialize after the second stage of a consumption tax hike was postponed. Given Wednesday's reassessment, the government now expects the economy to grow 0.9 percent ...
No tax hike, no spending spike so Japan to slash growth outlook to 0.9% from 1.7%
The government is expected to cut its growth projection for the Japanese economy for fiscal 2016 to 0.9 percent in price-adjusted terms from 1.7 percent due to the absence of last-minute purchases, given the postponement of the consumption tax hike, sources said Tuesday. Before Prime ...
Economists cut Japan growth view again, widening gap with BOJ
Economists from Nomura Holdings Inc. to BNP Paribas SA lowered their forecasts for the economy this week, making the central bank's growth outlook for this year look increasingly optimistic. The trigger — a second-quarter contraction reported on Monday — also led Bank of America Corp. ...
TPP would raise growth, incomes in Japan, IMF economist forecasts
A Pacific free trade pact would give a big boost to Japan's economic growth and individual incomes, according to an International Monetary Fund economist. "It could be annually between 0.2 to 0.3 percent (percentage point) per year as an additional impact on growth," Luc Everaert, ...
Japan plans agreement on 'high-quality' development with Mekong states
Prime Minister Shinzo Abe will seek an agreement with the leaders of five Southeast Asian nations during a summit this Sunday in Tokyo that they will aspire to "high-quality growth" in the Mekong region, government sources said. As Beijing readies to launch the Asian Infrastructure ...
Government's opinion of economy unchanged in June, except nod to capital spending
The government on Monday kept its basic opinion of the economy unchanged for June but upgraded its view on capital spending as companies moved to increase investment. "The Japanese economy is on a moderate recovery," the Cabinet Office repeated in its latest monthly economic report, ...
