Monday, 28 May, 2018

Japan GDP Slides In 1st Quarter Ending 8 Quarters Of Growth

Koichi Kamoshida  Getty Images Koichi Kamoshida  Getty Images Koichi Kamoshida Getty Images Koichi Kamoshida Getty Images
Preston Stone | 16 May, 2018, 09:52

Japan will on Wednesday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

Japan's economy, the world's third largest, shrank by 0.6 percent on an annualized basis, a much more severe contraction than the median estimate for an annualized 0.2 percent decline.

The Japanese economic system has been comparatively wholesome in latest quarters, selecting up from the doldrums that spanned earlier a long time, on extraordinarily free lending and a authorities program created to combat deflation - the continuous spiraling down of costs.

However, a breakdown of the data shows export growth is losing momentum, expanding just 0.6 percent in the first quarter after growth of 2.2 percent in the fourth quarter.

WWE Raw: Results, Highlights, Analysis, and Grades for May 14
Roode sendsa a charging Corbin out of the ring before nailing Jose with a Glorious DDT for a three count. Raw took place in London and saw Owens qualify for Money in the Bank alongside Bobby Roode .

Japanese government officials expect the decline to be temporary.

Economists polled by Reuters last week had expected a contraction of 0.2%.

"There wasn't any particular driver for the weakness — private consumption and public demand were flat while investment spending and net exports fell slightly", Marcel Thieliant of Capital Economic said in a commentary.

It was the first decline in nine quarters, snapping the longest stretch of continued expansion since the late 1980s.

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