Business
Japan’s economy shrinks at record pace – Sydney Morning Herald
Japan suffered its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed business and consumer spending.
Private consumption, which accounts for more than half of Japan’s economy, fell 8.2 per cent for the quarter, bigger than analysts’ forecast of a 7.1 per cent drop.
Capital expenditure declined 1.5 per cent in the second quarter, less than a median market forecast for a 4.2 per cent fall.
External demand, or exports minus imports, shaved 3.0 percentage point off GDP, as the pandemic dampened global demand, the data showed.
Japan has deployed massive fiscal and monetary stimulus to cushion the…
-
Business22 hours agoTop brokers name 3 ASX shares to buy next week 14 September 2025
-
Business24 hours agoBy 2026, the CSL share price could turn $5,000 into…
-
General19 hours agoVictoria set to have first new national parks in more than a decade
-
Noosa News22 hours agoLandlord Brett Gordon Williams jailed for manslaughter of tenant Craig Dunn in Hervey Bay