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ECONOMY > Economic Indicators

S. Korea, Taiwan expected to top Japan in GDP per capita in 2027, 2028

TOKYO – Japan’s gross domestic product per capita will fall behind that of South Korea in 2027 and Taiwan in 2028, according to a recent projection by a Tokyo-based research institute, citing long-term low productivity on the back of slow progress in digitalization of the world’s third-largest economy.   The inflation-unadjusted nominal GDP, the total value of goods and services….Read more

ECONOMY > Economic Indicators

Japan GDP to hit record high in FY 2022: Yamagiwa

Tokyo, Jan. 17 (Jiji Press)–Japan’s gross domestic product is forecast to hit a record high in fiscal 2022, recovering from a slump due to the coronavirus crisis, economic and fiscal policy minister Daishiro Yamagiwa said Monday.   Yamagiwa made the remark in an economic policy speech before both chambers of chamber of the Diet, delivered on the first day of….Read more

  • January 17, 2022
  • , Jiji Press , 5:21 p.m.
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ECONOMY > Economic Indicators

Japan corporate bankruptcies hit 57-year low in 2021

Tokyo, Jan. 13 (Jiji Press)–The number of corporate bankruptcies in Japan hit a 57-year low in 2021, curbed by the government’s financing support amid the COVID-19 pandemic, a private survey showed Thursday.   The bankruptcy number plunged 22.4 pct from the previous year to 6,030, falling for the second straight year to hit the lowest level since 4,212 marked in….Read more

  • January 13, 2022
  • , Jiji Press , 8:31 p.m.
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ECONOMY > Economic Indicators

Japan’s Dec. economy watcher sentiment rises to 16-year high

TOKYO – Business sentiment among workers with jobs sensitive to economic trends in Japan rose to the highest level in 16 years in December, as confidence among retailers grew toward the year-end holidays amid relatively subdued coronavirus case numbers, government data showed Wednesday.   The diffusion index of confidence in current conditions compared with three months earlier among “economy watchers,”….Read more

  • January 12, 2022
  • , Kyodo News , 5:19 p.m.
  • English Press

ECONOMY > Economic Indicators

BOJ lifts economic views on all 9 regions despite Omicron spread

TOKYO – The Bank of Japan on Wednesday raised its economic assessments on all nine regions in the country due to a recovery in service consumption and production, despite looming uncertainty over impact of the Omicron variant of the coronavirus.   It is the first time since October 2013 that the views on all regions have been upgraded in the….Read more

  • January 12, 2022
  • , Kyodo News , 4:44 p.m.
  • English Press

SCIENCE > Environment

Japan to consider adopting “green GDP” as new growth indicator

Saturday’s Sankei wrote that the GOJ is planning to study the idea of introducing “green GDP,” an economic growth index that quantifies and calculates environmental consequences. The paper wrote that the GOJ is planning to step up Japan’s measures against climate change by adopting a new growth indicator amid rising international interest in issues related to climate change. According to….Read more

  • January 1, 2022
  • , Sankei
  • JMH Summary

ECONOMY > Economic Indicators

Japan Nov. jobless rate rises to 2.8 pct

Tokyo, Dec. 28 (Jiji Press)–Japan’s seasonally adjusted unemployment rate went up 0.1 percentage point from the previous month to 2.8 pct in November, worsening for the first time in six months, the internal affairs ministry said Tuesday.   The number of people who quit their jobs for voluntary reasons increased in the reporting month, apparently because more workers started to….Read more

  • December 28, 2021
  • , Jiji Press , 12:19 p.m.
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POLITICS

Japan gov’t projects 3.2 pct economic growth for FY 2022

Tokyo, Dec. 23 (Jiji Press)–The Japanese government Thursday adopted an official projection of 3.2 pct growth in gross domestic product in price-adjusted real terms for fiscal 2022 from next April.     The government revised up its GDP growth estimate from the 2.2 pct forecast in July this year, factoring in a boost from large-scale stimulus measures to cushion the impact of….Read more

  • December 23, 2021
  • , Jiji Press , 12:34 p.m.
  • English Press

ECONOMY > Economic Indicators

8 Japan automakers’ domestic output down 4.7 pct in Nov.

Tokyo, Dec. 24 (Jiji Press)–Combined vehicle production in Japan by eight major domestic automakers in November fell 4.7 pct from a year before to some 710,000 units due to continued shortages of semiconductors and other parts, data from the companies showed on Friday.     The makers’ domestic production marked the fourth consecutive month of decrease. But the pace of decline….Read more

  • December 24, 2021
  • , Jiji Press , 8:41 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan’s July-Sept. GDP falls on slow consumption, exports

Tokyo, Nov. 15 (Jiji Press)–Japan’s economy shrank in July-September reflecting sluggish private consumption and exports amid the resurgence of the novel coronavirus, government data showed Monday.   In the reporting period, the country’s seasonally adjusted gross domestic product fell by 0.8 pct from the preceding quarter in price-adjusted real terms, or by 3.0 pct on an annualized basis, the Cabinet….Read more

  • November 15, 2021
  • , Jiji Press , 2:11 p.m.
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