Japan Bounces Back to Economic Growth as Coronavirus Fears Recede - The New York Times

Japan Bounces Back to Economic Growth as Coronavirus Fears Recede - The New York Times

Japan Bounces Back to Economic Growth as Coronavirus Fears Recede - The New York Times
Aug 15, 2022 1 min, 5 secs

The second-quarter result followed growth of 0 percent — revised from an initial reading of a 1 percent decline — during the first three months of the year, when consumers retreated to their homes in the face of the rapid spread of the Omicron variant.

The new growth report indicates that Japan’s economy may finally be back on track after more than two years of yo-yoing between growth and contraction.

The second-quarter growth came despite stiff headwinds, particularly for Japan’s small- and medium-size enterprises.

The growth was driven in part by spending to improve companies’ sustainability and digital infrastructure — efforts strongly promoted by government policies, said Wakaba Kobayashi, an economist at the Daiwa Institute of Research.

Still, it is not clear how long that growth can continue, she said.

Among many businesses, “there is a sense that the global economy is going to continue to decelerate,” she said.

And, she said, “for manufacturing and exports we expect a slowdown in momentum reflecting the fact that we expect global growth to be weaker.”.

Despite some positive signs, it will still take some time for Japan’s economic activity to normalize, said Shinichiro Kobayashi, a senior economist at Mitsubishi UFJ

But even at that time, it was in a weakened state after a rise in Japan’s consumption tax drove down spending

1 Adam Devine Reminds Everyone He's Not Adam Levine: PHOTO - Comic Sands

Sep 27, 2022 # entertainment 30 secs

2 Study tries to see if child vaccines and asthma are linked - The Associated Press

Sep 27, 2022 # health 1 min, 39 secs

3 Bill Skarsgard & Lily-Rose Depp To Star In ‘Nosferatu’, Robert Eggers’ Follow-Up To ‘Northman’ For Focus - Deadline

Sep 30, 2022 # entertainment 53 secs

4 The latest QR code shown during WWE SmackDown gives a big clue on who is behind the White Rabbit - Wrestling News

Oct 01, 2022 # entertainment 19 secs

5 Hackers hijack Fast Company, send obscene push alert through Apple News - MarketWatch

Sep 28, 2022 # politics 18 secs

6 Ryan Reynolds' Hugh Jackman 'Deadpool 3' reveal has a sly connection to Taylor Swift - Entertainment Weekly News

Sep 29, 2022 # entertainment 40 secs

7 'The Woman King' shows why the box office needs more mid-budget movies - CNBC

Sep 25, 2022 # entertainment 20 secs

8 Zack Estrin Dead at 51; Prison Break and Lost in Space Reboot Producer - TVLine

Sep 26, 2022 # entertainment 40 secs

9 Covid and flu 'twindemic' warning as health officials report 'threat' this winter - Daily Record

Sep 28, 2022 # health 41 secs

10 Nick Cannon Announced The Birth Of His 10th Child, Two Weeks After Welcoming Baby Number 9 - BuzzFeed

Oct 01, 2022 # entertainment 3 secs

11 Ian arrives in North Carolina after bringing flooding, damage to South Carolina; death toll rises in Florida - CBS News

Oct 01, 2022 # politics 6 mins, 37 secs

12 WB Discovery CEO Shoots Down Rumors of Yet Another Sale - IGN - IGN

Sep 29, 2022 # entertainment 24 secs

13 DOJ requests expedited appeal of Trump special master appointment - The Hill

Oct 01, 2022 # politics 49 secs

14 Flu Shot Side Effects Like Fatigue Don't Mean You Have the Flu, But They Do Exist—Here Are the Ones to Know About - Yahoo Life

Sep 30, 2022 # health 47 secs

15 College football schedule, games 2022: What to watch in Week 5, TV channels, Saturday kickoff times - CBS Sports

Oct 01, 2022 # politics 1 min, 12 secs

16 ESA - Webb's icy instrument reveals complex structures - European Space Agency

Sep 27, 2022 # science 39 secs

Get monthly updates and free resources.


© Copyright 2022 365NEWSX - All RIGHTS RESERVED