Tuesday, 22 May, 2018

Japan's First Quarter GDP Growth Seen Slowing Sharply In Setback For 'Abenomics'

Japan’s economy expected to show sluggish growth in first quarter GDP marks first contraction in 9 quarters
Russell Knight | 16 May, 2018, 09:00

That snaps a run of eight quarters of consecutive growth, the longest Japan has achieved since the boom days of the late 1980s.

Japan will on Wednesday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

The economists polled by Reuters were expecting a 0.2 percent contraction following a downwardly revised 0.6 percent annualized rate of expansion in the fourth quarter. Economists has forecast annualized contraction of around 0.2%.

Economy Minister Toshimitsu Motegi said there was no change to the government's view that the economy was recovering moderately, predicting a resumption in growth to be driven mainly by private consumption and capital expenditure. To get back on track, Japan needs to increase its exports.

Twitter introduces new behavioral analysis tools to fight unwanted content
A company spokesperson denied that the move was an attempt to influence political discussion on the platform. With these new signals, Harvey explained, "it didn't matter what was said; it mattered how people reacted".

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More than 330,000 people have been killed in Syria and millions have been driven from their homes since the conflict began in March 2011 with a crackdown on antigovernment protests.

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In October of 2017, over 100 companies attended an industry event related to Project Maven, according to the Defense Department. It means that a drone would be able to pick out a known terrorist in a crowd and centre any attack on that area.

"Globally, IT-related items have been in an adjustment phase, which weighed down Japan's exports and factory output", said Yoshimasa Maruyama, chief market economist at SMBC Nikko Securities.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 2.24 points, or 0.12 percent, to 1,802.91.

"Private consumption and public demand were flat while investment spending and net exports fell slightly", he said in a note to clients.

On a quarter-on-quarter basis, the economy shrank 0.2% compared with growth of 0.1% at the end of 2017.

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