Where Your Speech Is Free And Your Comment Is King

THE NEWS COMMENTER

VOTE  (0)  (1)

Japan's economy rebounds as consumers, companies spend more


Added 08-10-18 02:04:02am EST - “Japan reports its economy resumed its longtime expansion in the last quarter as consumers and businesses stepped up spending.” - Foxbusiness.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxbusiness.com: “Japan's economy rebounds as consumers, companies spend more”. Below is an excerpt from the article.

Japan reports its economy resumed its longtime expansion in the last quarter as consumers and businesses stepped up spending.

The preliminary data released Friday showed that trade weighed slightly on growth. The economy grew at a 1.9 percent annual pace after contracting by 0.6 percent in January-March.

In quarterly terms, gross domestic product expanded 0.5 percent in April-June, rebounding from a 0.2 percent contraction.

Consumers spent more thanks partly to a rise in earnings mostly fueled by strong half-year bonus payments.

The contraction early in the year interrupted Japan's longest expansion in almost three decades. But growth has remained weaker than hoped for.

Read more...

Post a comment.

CLICK TO SHARE

COMMENTS VIA TWITTER






BACK TO THE HOME-PAGE