.HOMECONTACT | NEWS

Feb 13, 7:51 PM EST

Japan's economy grew at a slower than expected 0.5 percent annual pace in the October-December quarter


Latest Business News
Stocks are mostly higher in midday trading on Wall Street as gains for technology companies offset losses elsewhere in the market.

Gap in search of a new CEO of its namesake brand after Jeff Kirwan leaves

Walmart misses 4Q profit expectations, tops revenue forecasts

U.S. stocks are mostly lower in early trading as the market reopens after a long holiday weekend

If you're considering what to do after high school, narrow down your career choice first and then consider options beyond a four-year degree, including a certificate from a reputable trade school or community college

Latest News
Japan reports trade deficit in January, first in eight months, despite a 12 percent jump in exports.

Bank of Japan Gov. Haruhiko Kuroda nominated for second five-year term as the head of the central bank

Japan's economy grew at a slower than expected 0.5 percent annual pace in the October-December quarter

A perk from U.S. tax reforms is helping lift Nissan's fiscal third quarter profit, although costs had to be earmarked and sales were dented by news of improper vehicle inspections at its plants in Japan

Japan's SoftBank Group Corp. nets 11-fold surge in profit for the fiscal third quarter on improved sales and better results from U.S. carrier Sprint

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
The ratings agency Fitch has upgraded Greece's sovereign credit status, as the country heads to an end of eight years of international bailout programs

US inflation pressures seem to be mounting, potentially fueling more rate hikes

US retail sales down 0.3 percent in January, biggest decline in 11 months, as auto sales fall

After nearly a decade of being all but invisible, inflation _ or the fear of it _ is back

Japan's economy grew at a slower than expected 0.5 percent annual pace in the October-December quarter

Plummeting stock market seems unlikely to slow US economy _ unless it rages on

A run of economic figures suggest the British economy did not end 2017 as strongly as previously thought.

Mexico central bank raises key interest rate to 7.5 percent

Retail group: retail sales to rise 3.8 percent to 4.4 percent this year on improving economy, tax reform

The pound has pushed above the $1.40 level as traders price in a growing likelihood of another interest rate increase in May from the Bank of England.

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

TOKYO (AP) -- Japan's economy grew at a slower than expected 0.5 percent annual pace in the October-December quarter, as strong exports failed to fully compensate for relatively weak domestic demand.

The preliminary data released Wednesday show Japan has managed eighth straight quarters of growth, the longest expansion since the financial bubble of the late 1980s.

But the figures were well below analysts' forecasts of 0.9 percent annual growth or higher.

Growth in the previous quarter was revised down to 2.2 percent from 2.5 percent.

Housing investment weakened although overall consumer spending, which accounts for the lion's share of activity, was higher.

The economy grew 0.1 percent in quarterly terms. The lackluster performance reflects the difficulty of stimulating more investment and spending as Japan's population ages and declines.

The growth spurt that made Japan an economic powerhouse by the late 1980s ended in the collapse of a massive bubble, bringing on years of slower growth and restructuring of industries.

Japan's central bank has been infusing trillions of yen (hundreds of billions of dollars) of cash into the economy through recession-fighting asset purchases, mostly of government bonds, to counter deflation. That has encouraged investment by keeping the cost of borrowing ultra low - its key interest rate remains at minus 0.1 percent.

A rebound in exports thanks to stronger growth in China, the U.S. and other major economies has helped Japan's export manufacturers, keeping the jobless rate below 3 percent. But wage hikes have lagged expectations, limiting the appetite of Japanese households and businesses to step up their spending.

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

 
   

 

~:~

Search for AP news  


Advertising with AM1400
is as EASY AS
1-2-3 .
Click Here
for more info.
 
 


     
       
Privacy Statement  |  Terms of Use
© 2007 The New WZAZ Gospel 1400. All Rights Reserved. Site Designed by Rhema Inspired Inc.