TOKYO: Japan's economy expanded for a third straight quarter in April-June, as brisk auto exports and tourist arrivals helped offset the drag from a slowing post-COVID recovery in consumption, although global recession prospects cloud the outlook. The 6.0 per cent annualised growth in Japan's gross domesti
TOKYO: Japan's economy expanded for a third straight quarter in April-June, as brisk auto exports and tourist arrivals helped offset the drag from a slowing post-COVID recovery in consumption, although global recession prospects cloud the outlook.
It followed a revised 3.7 per cent expansion in the first quarter, posting the fastest expansion since the final quarter of 2020. Marcel Thieliant, head of Asia-Pacific at Capital Economics, said the export-driven momentum in growth is unlikely to be sustained. By key sub-sectors, private consumption, which makes up more than half of the economy, fell 0.5 per cent quarter-on-quarter in the April-June period, as price hikes hit sales of food and household appliances.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weak yen gives Japan's automakers temporary relief from China painTOKYO : Japanese automakers are getting much-needed cover from an old standby, as the weaker yen helps prop up profits amid declining sales in China and the increasingly tough shift to electric vehicles.Toyota, Honda and Nissan recently reported earnings that topped analyst estimates by 6 per cent to 21 p
Read more »
Typhoon Lan set to crash Japan holiday weekTOKYO: Japanese authorities on Sunday (Aug 13) warned residents in much of the country to prepare for a strong, slow-moving typhoon set to hit during the peak summer travel week. Typhoon Lan is on course to make landfall on Tuesday on Japan's main island of Honshu, bringing heavy rain and violent gusts, th
Read more »
Renewed interest in sumo wrestling gives boost to Japan’s tourismInterest for sumo has spiked in recent years, with some making the most of the new attention. Read more at straitstimes.com.
Read more »
US, Japan to develop hypersonic missile interceptor: ReportIt is to counter hypersonic warheads being developed by China, Russia and North Korea. Read more at straitstimes.com.
Read more »
Swedes prepared for Spain's mix of US and Japan, says BjornAUCKLAND : Sweden defender Natalie Bjorn believes her side's wins over former champions the United States and Japan will serve as the perfect preparation for their Women's World Cup semi-final clash with Spain at Eden Park in Auckland on Tuesday.The Swedes defeated the United States, winners of the last t
Read more »
Typhoon Lan bears down on Japan's main islandTOKYO: An approaching typhoon battered communities along Japan's Pacific coast on Monday (Aug 14) with heavy rain and crashing waves, prompting authorities to warn about landslides and flooding. On
Read more »