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ECONOMY > Economic Indicators

Japanese economy contracts by 1% in first quarter of this year

NHK reported on Cabinet Office data showing that the nation’s GDP contracted at an annualized rate of 1% during the first three months of this year because of a decline in public works projects and stagnant personal consumption associated with the COVID-19 quasi-state of emergency that was in place in many parts of the country at the time. The real….Read more

  • May 18, 2022
  • , NHK
  • JMH Summary

ECONOMY > Economic Indicators

Japan firms’ net profit in Jan.-March falls 41.3% on cost hikes

TOKYO – The total net profit of listed companies in Japan dropped 41.3 percent to 4.94 trillion yen ($38.34 billion) in the January to March period from the previous quarter, reflecting the surge in raw material costs prompted by the Ukraine crisis, according to a recent tally by a securities firm.   Even excluding SoftBank Group Corp., an investment giant….Read more

  • May 13, 2022
  • , Kyodo News , 10:45 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan’s key economic index rises for 2nd straight month in March

TOKYO – A key index reflecting the current state of the Japanese economy rose in March for the second consecutive month, as retail businesses have shown some recovery with all anti-coronavirus curbs lifted in the reporting month, according to government data released Wednesday.   The Cabinet Office kept the assessment that the economy is “improving,” the most optimistic expression, as the….Read more

  • May 11, 2022
  • , Kyodo News , 6:54 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan gov’t debts grow to record 1,241 t. yen

Tokyo, May 10 (Jiji Press)–The balance of Japanese government debts hit a record high of 1,241,307.4 billion yen as of the March 31 end of fiscal 2021, the Finance Ministry said Tuesday.     This means that the government owed each Japanese citizen some 10.11 million yen based on the country’s native population of 122.73 million as of Nov. 1 last….Read more

  • May 10, 2022
  • , Jiji Press , 6:12 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan new auto sales down 14.4 pct in April

Tokyo, May 2 (Jiji Press)–New automobile sales in Japan in April dropped 14.4 pct from a year before to 299,620 units, down for the 10th straight month, industry data showed Monday.   The bleak result reflected prolonged shortages of semiconductors and difficulties procuring parts due to the lockdown in Shanghai, which started in late March following the rapid spread of….Read more

  • May 2, 2022
  • , Jiji Press , 7:14 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan inflation to reach 2% in April for 1st time since 2015: survey

Economists expect more costs passed on from weak yen and commodities rally   KOHEI SAKAI, Nikkei staff writer   TOKYO — Consumer prices in Japan are on track to rise 2% this month for the first time in seven years, according to a survey of economists by Nikkei on Friday.   The five forecasts showed the core consumer price index,….Read more

  • April 23, 2022
  • , Nikkei Asia , 1:57 a.m.
  • English Press

ECONOMY > Economic Indicators

Japan upgrades key economic assessment for 1st time in 4 months

TOKYO – Japan’s government on Thursday upgraded its key economic assessment for the first time in four months, citing a recovery in private consumption, as the effects of the coronavirus pandemic wane.   “The Japanese economy shows movements of picking up,” the Cabinet Office said in its monthly report for April, while dropping the expression “some weaknesses are seen” it had….Read more

  • April 21, 2022
  • , Kyodo News , 5:25 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan’s companies having difficulty passing higher costs on to consumers

Nikkei reported on the latest BOJ data showing that the producer price index, which indicates the cost of goods traded among companies, rose 9.5% in March from a year ago, as the war in Ukraine is sending prices for energy and raw materials soaring. The index has increased more than 5% for 10 consecutive months. While the same index hit….Read more

  • April 13, 2022
  • , Nikkei
  • JMH Summary

ECONOMY > Economic Indicators

Japan February GDP up 0.3% on steady exports to China: JCER

  Nikkei staff writers   TOKYO — Japan’s seasonally adjusted real gross domestic product grew 0.3% in February from January as exports to China expanded, the Japan Center for Economic Research said in a report released on Wednesday, marking the first expansion in three months.   January’s growth rate fell 1.5% from the previous month. Based on the average figures….Read more

  • April 6, 2022
  • , Nikkei Asia , 7:07 p.m.
  • English Press

ECONOMY > Economic Indicators

Food inflation takes bigger bite in Japan, with bread leading way

TOKYO — From bread and pasta to frozen items, Japanese food manufacturers are raising prices at a pace not seen in years and having more success at persuading retailers to pass inflation costs onto consumers, a Nikkei study shows.

  • April 1, 2022
  • , Nikkei Asia , 6:49 a.m.
  • English Press
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