You are here

Japan's economy contracts again

Worsening domestic sentiment, external environment cause Japanese to embrace austerity
Tuesday, February 16, 2016 - 05:50

BT_20160216_ARJAP_2117575.jpg
Japan's personal consumption fell by a sharper than expected 0.8 per cent in inflation-adjusted terms in the final three months of last year compared with the third quarter. Some analysts believe that private consumption is at a standstill, as wary consumers cut back on buying in droves.

Tokyo

JAPAN'S economy contracted at a sharper than feared 1.4 per cent real annual rate in the final quarter of last year, highlighting just how fragile recovery remains in the world's third largest economy depite strong fiscal and monetary stimulus applied under Prime Minister Shinzo Abe

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom