Japan's economy shrinks for first time in two years

16 May, 2018, 09:02 | Author: Regina Silva
  • GDP marks first contraction in 9 quarters

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

Economists say while the contraction is temporary, the rebound will not be almost as strong as previous quarters.

Private consumption, the largest part of the Japanese economy, was unchanged, a result that was in line with market expectations.

"Private consumption and public demand were flat while investment spending and net exports fell slightly", he said in a note to clients.

"The economy maintains momentum towards recovery but exports are slowing as global growth seems to have peaked in the fourth quarter", said Ryutaro Kono, chief economist at BNP Paribas Securities.

In the first quarter exports expanded by 0.6% after 2.2% growth in the previous quarter.

Marchessault nets twice as Knights pull even
They used a tough defense and some timely offense to walk away with the win and have now tied up this series at 1-1. Truth be told, the final 40 minutes from Vegas looked as though it was pulled right from the Nashville playbook.


Ivanka Trump in hot water over blessing from controversial rabbi
Hours earlier in Gaza, 40,000 Palestinians who showed up to the border to protest the opening of the embassy. He also isn't Jared Kushner , however.


Husker hoops to play Seton Hall in Gavitt Games
The Illini are 1-1 in the Gavitt Tipoff Games, losing during the inaugural year at Providence and beating DePaul last season. Each BIG EAST team will participate a minimum of six times, while Big Ten programs will take part a minimum of four times.


"However, it is clear that in the long term the pace of growth is slowing".

Export demand added 0.1% to first quarter GDP but the rate of growth is slowing.

Fourth quarter growth was revised to an annualized 0.6 percent, down from the 1.6 percent estimated earlier.

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

On a quarter-on-quarter basis, the economy shrank 0.2% compared with growth of 0.1% at the end of 2017.

"The economy is unlikely to continue to contract further".

Recommended:



Popular

Coinbase Rolls Out Crypto Storage Service For Financial Institutions
The last announcement made by Coinbase is regarding its Institutional Coverage Group, headquartered in the NY office. Coinbase understands that institutions need more than great products, they need great service too.

Stan Lee sues ex-partners for 1 billion dollars
However, the document that ultimately was signed granted an exclusive right, against Lee's wishes, according to the suit. Lee is seeking an injunction declaring the agreement invalid and unenforceable and damages in excess of $1 billion.

Federal Bureau of Investigation has probed ex-CIA employee over leak of hacking tools
Following the search of his apartment in March 2017, prosecutors waited six months to bring the child pornography charges. Despite searching the suspect's NY apartment, prosecutors say they now lack the evidence to charge Schulte.

Polls shut in wide-open Pennsylvania primaries for Home, Senate
Senate race this year could nonetheless play a key role in determining whether Republicans hang onto control of the chamber. Within the southwest nook of the state, the brand new 14th District gives an opportunity at redemption for state Rep.

Royal wedding: How much will it cost?
They will be pulling the couple's carriage of choice an Ascot Landau along with another four horses during the procession. In a statement put out by Kensington Palace, Curry said: "The love that has brought and will bind Prince Harry and Ms.

Missing Commonwealth Games athletes 'already have visas'
The 11 athletes who come from Cameroon are consulting with Refugee Advice and Casework Service in the Sydney suburb of Randwick. But the head of a service that helps refugees migrate to Australia says some of the athletes have already got bridging visas.

President Trump repeats misleading claim about Iran's military budget
Such willful ignorance led to the misbegotten Iraq War, and now could drag the United States into a war with Tehran. In exchange, the signatories of the deal agreed to lift sanctions that had crippled the Iranian economy for years.

1 person killed in explosion at CA medical facility
I saw two women come out full of blood, hair singed, just glass stuck to the hair, glass stuck to their bodies". A fire that broke out in the building, which was under construction, was put out by crews, NBC reported.

US Market Indexes Close Lower on Tuesday
The S&P 500 posted 10 new 52-week highs and seven new lows; the Nasdaq Composite recorded 82 new highs and 51 new lows. Mortgage rates , which have been rising this year, tend to track the movement in the 10-year Treasury yield.

White House reportedly eliminates top cybersecurity role
The White House and the National Security Council didn't immediately reply to requests for comment. The State Department eliminated a similar position a year ago .