TOKYO — The Japan ese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday.
Quarter-to-quarter, the preliminary seasonally adjusted gross domestic product, or GDP, a measure of the value of a nation’s products and services, slipped 0.5% in the January-March period, according to the Cabinet Office.The latest results were generally worse than what analysts had forecast. Sluggish consumer spending is a big problem since private consumption accounts for half of Japanese economic activity.the Japanese government ordered Daihatsu Motor Co.
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Source: Financial Digest (financialdigest.net)
Japan Consumption
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