Japan's Unexpected Growth Spurt Comes With Reasons for Caution

22 Mai, 2019, 10:23 | Auteur: Auguste Feret
  • Japan's Unexpected Growth Spurt Comes With Reasons for Caution

The details, however, revealed that imports declined faster than exports - a sign of weak domestic demand. It followed a revised 1.6 per cent expansion in October-December.

Nevertheless, the better-than-expected figure pushed up Tokyo stocks, with the benchmark Nikkei 225 rising 0.24 percent, or 51.64 points, to 21,301.73, while the broader TOPIX edged up 0.04 percent, or 0.67 points, to 1,554.92.

Cabinet Office's preliminary data showed Japan's gross domestic product (GDP) grew at an annualised 2.1 per cent in the first quarter, versus the median estimate of a 0.2 per cent contraction in a Reuters poll of economists.

The latest indication of Japan's economic health comes amid uncertainty over the global economy, including US-led trade tensions, Brexit and other factors.

Japanese government officials and lawmakers have been waiting for the GDP to come out, as they are assessing whether the economy is strong enough to handle a planned consumption tax hike in October.

Weak domestic demand caused imports to decline 4.6 per cent on the quarter - faster than a 2.4 drop in exports - which helped net exports to improve in the first quarter.

Virat Kohli creates this unbelievable record days before World Cup 2019
All the world cup-bound players were in great form during the IPL and we expect ourselves to play the best cricket we can. Shastri said, "Dhoni's relation with Kohli is great, he has shown that he is still the best in this format of the game".

EMILY VAN CAMP & DANIEL BRUHL in Talks for FALCON & WINTER SOLDIER Return
Deadline is reporting that Daniel Bruhl and Emily VanCamp are in negotiations to join the six episode miniseries as well. Like the rest of the Disney+ Marvel shows, it doesn't have an official release date.

Lil Nas X Drops Star-Studded 'Old Town Road' Video
On the song, Billy Ray sings, "Baby's got a habit: diamond rings and Fendi sports bras/Ridin' down Rodeo in my Maserati sports vehicle ".

The latest data was being closely watched amid speculation that weak growth could prompt Prime Minister Shinzo Abe's government to postpone a planned sales tax hike for the third time.

Japan's private consumption fell 0.1 percent in 1Q19, while a key measure of business investment, capital expenditures, or capex, slid 0.3 percent - all this despite the B0J's zero-to-negative interest rates and ultra-accessible credit in Japan's domestic market.

"All of the most important components of GDP are negative", Hiroaki Muto of Tokai Tokyo Research Centre said.

"The discussion about the tax hike delay might settle down", said Hiroyasu Ando, senior economist at Sumitomo Mitsui Banking.

Worries have been growing that the momentum for Japan's economic growth may be slowing.

"I still think that the economy is in a soft patch and risks are on the downside, with high uncertainties over China's economy and its trade war with the us", said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute.

Conseillé:



Populaire

Ryanair's full year profits drop by 29%
Meanwhile, revenue over the 12 months was up 6pc to €7.56bn, from €7.15bn a year earlier. Ryanair saw traffic grow by seven per cent, but fares fell by six per cent.

USA should immediately stop provocative action in South China Sea: China
Navy said its freedom of navigation movements in the disputed South China Sea drew more attention than they deserved. On Wednesday, the chief of the U.S.

Pelicans VP pictures future with Davis, Williamson
And Alvin and I were also together in interviewing Ja Morant in Chicago as well. The Pelicans are in a good spot whatever Anthony Davis decides to do.

NBA All-Rookie Teams Revealed
Kings forward Marvin Bagley III picked up a prestigious honor Tuesday when he was named to the NBA All-Rookie First Team . He led all rookies in rebounding and had the highest field goal percentage ever by a rookie who averaged a double-double.

Hauts-de-Seine. Le chargement d’une grue tombe : un ouvrier décapité
Ils sont tombés pendant une manœuvre de levage après avoir heurté l'angle d'un bâtiment en construction. Chaque jour, entre 150 et 200 ouvriers y travaillent, selon la source policière.

Huawei claims friction with Google won't affect customers in Australia
Google said the delay allows it to provide software updates and security patches to existing models for the next 90 days . Reuters reported May 17 that the department was considering a temporary easing , citing a government spokeswoman.

Tesco Bank calls time on mortgages - thousands affected
The shift comes after PA revealed this month that Tesco Bank has quietly dropped its travel insurance offer, following the likes of John Lewis.

O.J. Simpson Comments On Bills Un-Retiring His Number
The fact that the number was available actually came as a total surprise to Perry, who assumed that no one was allowed to wear it. Simpson's legal troubles didn't end after that. "I know that greatness comes with that number, playing in Buffalo", Perry said .

Packers QB, Actor Aaron Rodgers Eviscerates Game of Thrones Ending
Look, I love the opportunity to be in the show, which most people probably don't think I was, but I was there. Weiss were more focused on their upcoming " Star Wars ", project than closing things out on "Thrones".

Trump tells Pentagon chief he doesn’t want war with Iran
Washington has deployed an aircraft carrier group and B-52 bombers to the region against what it claims is an imminent threat from Tehran.