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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 30 June 2014 [View all]xchrom
(108,903 posts)5. JAPAN'S MIXED DATA FOR MAY SHOW ECONOMY SLOWING
http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-06-30-04-15-58
TOKYO (AP) -- Mixed economic data for May suggests Japan's economy is continuing to slow after a sales tax increase at the beginning of the second quarter.
Government figures released Monday and last Friday showed that housing starts and household spending fell in May while industrial output grew less than expected.
Japan's economy was the one of the best performing in the industrial world in the first three months of the year, growing 6.7 percent from the year before. But the April 1 increase in Japan's sales tax to 8 percent from 5 percent is expected to cause a contraction in the economy for the April-June quarter because demand has fallen off following a rush of purchasing to beat the tax hike.
Factory output in the world's third-largest economy climbed 0.8 percent in May from a year earlier, and was up 0.5 percent from the month before, the economy ministry reported. That was lower than most forecasts, but an improvement from a 2.8 percent drop in April.
TOKYO (AP) -- Mixed economic data for May suggests Japan's economy is continuing to slow after a sales tax increase at the beginning of the second quarter.
Government figures released Monday and last Friday showed that housing starts and household spending fell in May while industrial output grew less than expected.
Japan's economy was the one of the best performing in the industrial world in the first three months of the year, growing 6.7 percent from the year before. But the April 1 increase in Japan's sales tax to 8 percent from 5 percent is expected to cause a contraction in the economy for the April-June quarter because demand has fallen off following a rush of purchasing to beat the tax hike.
Factory output in the world's third-largest economy climbed 0.8 percent in May from a year earlier, and was up 0.5 percent from the month before, the economy ministry reported. That was lower than most forecasts, but an improvement from a 2.8 percent drop in April.
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Oligarch agenda to destabilize, polarize and militarize every continent on earth...
Ghost Dog
Jun 2014
#22