EXTERNAL EXPANSION LIMITED

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Showing posts with label gross domestic product. Show all posts
Showing posts with label gross domestic product. Show all posts

Monday 17 November 2014

#US: Defying Expectations, #Japan’s Economy Falls


The Shiodome business district in Tokyo. Japan’s gross domestic product fell by an annualized pace of 1.6 percent last quarter, threatening a planned tax increase. Credit Thomas Peter/Reuters
TOKYO — Japan’s economy unexpectedly fell into recession in the third quarter, a painful slump that called into question efforts by Prime Minister Shinzo Abe to pull the country out of nearly two decades of deflation.
The second consecutive quarterly decline in gross domestic product could upend Japan’s political landscape. Mr. Abe is considering dissolving Parliament and calling fresh elections, people close to him say, and Monday’s economic report is seen as critical to his decision, which is widely expected to come this week... (Read more)

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