Japanese policymakers on Friday braced for a sharp contraction in October-Decemb...
TOKYO - Japanese policymakers on Friday braced for a sharp contraction in October-December growth and warned of the hit to output and consumption from the coronavirus outbreak, signaling alarm over a darkening outlook for the world’s third-largest economy.
“Japan’s economy is expected to continue expanding moderately as a trend,” thanks to robust capital expenditure and government spending, Maeda told parliament. Analysts polled by Reuters expect Japan’s economy to have shrunk an annualized 3.7% in the October-December quarter, which would be the fastest pace of decline since 2014. The GDP data is due 8:50 a.m. Monday .
A separate Reuters poll showed on Friday the coronavirus epidemic is expected to shave up to 0.2 percentage points off Japan’s economic growth this year. BOJ’s Maeda said the central bank will support the economy by maintaining its massive stimulus program but stopped short of signaling additional monetary support.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus seen shaving 0.2 percentage points off Japan's 2020 GDP growth: Reuters pollThe coronavirus epidemic is expected to shave up to 0.2 percentage points off Ja...
Read more »
GS: Coronavirus to hit GDP this quarter 10 times harder than a hurricane - Business InsiderGOLDMAN SACHS: Coronavirus will hit global growth 10 times harder than a major US hurricane — but only in the short term
Read more »
Japan's fourth-quarter GDP likely weaker than in third quarter: economy ministerJapan's gross domestic product in October-December was likely weaker than i...
Read more »
Japan BrandVoice: Why Companies Like French Chemicals Maker Arkema Are Choosing KyotoWhy are some of the biggest companies in the world choosing to set up their Japan headquarters in Kyoto instead of other major cities? It might have something to do with a little-known fact about Japan’s old capital: Kyoto is home to a whopping 38 universities and about 150,000 students.
Read more »
Japan confirms 39 new virus cases, 174 total on cruise shipJapan’s health ministry said Wednesday that 39 new cases of a virus have been confirmed on a cruise ship quarantined at a Japanese port. The update brings the total found on the Diamond Princess to 174 cases. The new cases bring Japan's total to 203 people with the new disease, COVID-19.
Read more »