Pakistan & Middle East's leading
Business Web Portal

News Business

Loading the player...

Japan recovers, but slower than expected.

A tepid recovery for the world's third-largest economy.
Japan's GDP coming in at 2.2 percent for October to December, weaker than a Reuters forecast expecting a 3.7-percent increase.
The Japanese economy is still struggling under a sales tax increase as part of premier Shinzo Abe's efforts to curb decades of stagnation.
The new numbers were carried on the back of a pick-up in exports.
But they came coupled with a weak recovery in consumption and capital spending, leading analysts to worry about Japan's outlook.
Low global oil prices are thwarting the Bank of Japan's two-percent inflation target -
Crude prices dipped slightly after Monday's GDP announcement, following a two-percent rise last week on news of declining U.S. drilling.
Some also saying the data may be strong enough for the Bank of Japan to hold off on more stimulus until the summer.
Economists expect the lower global oil prices will let Japanese growth continue in the first quarter, allowing consumer spending to rise despite the sales tax.





view moreEvents

view moreInterviews

view moreIslamic Finance Education