Japan on Friday said its economy grew by 1.2 percent in the January to March quarter from the previous three months, revising upward a preliminary figure of 1.0% growth. The latest data underscore a recovery driven largely by government spending and recovering domestic demand after Japan was battered by last year's quake-tsunami disaster. On an annualised basis, the economy grew a revised 4.7 percent in the quarter, higher than a preliminary 4.1 percent rise, according to figures from the Cabinet Office. Japan's economy was also hit by severe flooding in Thailand in late 2011, disrupting global supply chains and the production capability of Japanese manufacturers, particularly electronics and automakers. Exports took a hit after the yen hit record highs against the dollar late last year -- and the unit remains strong -- hurting manufacturers whose products become more expensive overseas on a strong currency. The March quake-tsunami disasters smashed complex supply chains and shut down factories as well as leaving around 19,000 people dead or missing along the northern Pacific coast.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor