Japan's economy likely contracted slightly in the first quarter as corporat...
TOKYO - Japan’s economy likely contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday.
Gross domestic product is expected to have fallen 0.2% in January-March on an annualized basis, the poll of 18 economists showed, after it expanded 1.9% in the fourth quarter last year. “We expect consumer spending declined as their sentiment deteriorated led by factors such as rises in food prices.”
External demand - or exports minus imports - was still expected to add 0.3 percentage point to growth in the first quarter, the poll found, after it subtracted 0.3 percentage point from GDP growth in the previous quarter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cheers and screams as new Japan emperor greets the people for the first timeCheers and screams filled the air in Tokyo on Saturday as new Japanese Emperor N...
Read more »
Japan household spending rise but wages tumble in MarchJapan's household spending rose more than expected in March but real wages ...
Read more »
Japan April manufacturing PMI returns to expansion but export orders, output still fallingJapanese manufacturing activity expanded in April for the first time in three mo...
Read more »
BOJ board debated pros, cons of more easing at March meeting: minutesBank of Japan policymakers remained divided on how quickly to ramp up stimulus t...
Read more »
Japan Finance Minister Aso says hopes U.S., China will resolve trade rowJapanese Finance Minister Taro Aso on Friday expressed hope that Washington and ...
Read more »
BOJ chief rejects idea of Japan as 'Modern Monetary Theory' modelBank of Japan Governor Haruhiko Kuroda rejected an idea gaining traction in some...
Read more »
BOJ's Kuroda: Price stability is key to market trust in yenBank of Japan Governor Haruhiko Kuroda said on Thursday the biggest factor defin...
Read more »
N. Korea launches 'barrage' of short-range missiles into the Sea of Japan: OfficialsNEW: Pres. Trump tweets response to North Korea's short-range missile launch: 'Anything in this very interesting world is possible...He also knows that I am with him & does not want to break his promise to me. Deal will happen!'
Read more »
Japan April services PMI slips as new business growth slowsActivity in Japan's services sector expanded at a slightly slower pace in A...
Read more »
Magnitude 6.3 earthquake hits city in southwest JapanMIYAZAKI, Japan (AP) — The U.S. Geological Survey says a magnitude 6.3 earthquake hit near Miyazaki in southwestern Japan. The agency says the earthquake struck at 8:48 a.m. Friday and had...
Read more »