japan economy still lagging weighed down by strong yen
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Japan Economy Still Lagging, Weighed Down by Strong Yen

Egypt Today, egypt today

Egypt Today, egypt today Japan Economy Still Lagging, Weighed Down by Strong Yen

Tokyo
Tokyo - QNA

The Japanese economy has yet to gather momentum as businesses continue to struggle with a slowdown in the global economy and a stronger yen, preliminary government data showed on Monday. 
In the April-June quarter, Japan's gross domestic product barely grew from the previous quarter, expanding by a mere 0.048%, although it avoided slipping back into negative quarter-on-quarter growth after an expansion in the January-March period, Japan's Kyodo News Agency reported. 
Capital investment and exports weakened, bearing the brunt of a slowing global economy and the yen's appreciation against major counterparts. 
Capital investment fell 0.4% despite most private institutions expecting a return to growth. Private consumption, though still increased on the quarter, also lacked momentum. 
Growing uncertainty, mainly in the emerging world, coupled with a stronger yen deterred businesses from making investments. 
Earlier this month, the government decided on an economic stimulus package worth over 28 trillion yen ($276 billion), keeping in step with the BOJ's decision in July to ease monetary policy further, in a bid to shore up the economy with all available policy tools. 
To get the economy back on a path to steady growth, Japan must work out a way to help restore confidence among businesses and households. 

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japan economy still lagging weighed down by strong yen japan economy still lagging weighed down by strong yen



 
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