Japan Economy Up 0.1 Pct. in New Quarter
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Japan's economy expanded a weaker-than-expected 0.1 percent in the July-September quarter, as exports that had driven growth in past quarters barely rose, the government said Friday.
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Japan's Nikkei stock average edged up by mid-session on Wednesday as exporters like Canon Inc. bounced back from losses, but gains were limited by data confirming weak economic growth in the three months to September.
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Japan's economy has grown more slowly than predicted, figures show, raising question marks over its recovery.
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Japan&#39;s jobless rate rose unexpectedly last month while industrial output rebounded, according to data released Friday that painted a mixed picture of the health of Asia&#39;s largest economy.
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Japan's economy, the world's second largest, grew more quickly than many experts forecast, state figures show.
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TOKYO Sept. 10, 2004 - Japan revised its economic growth numbers for the April-June quarter downward Friday, but analysts shrugged off the report and said recovery was on solid footing for the world&#39;s second largest economy.
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Japan's Nikkei average was up 1.22  percent at midsession on Friday after touching its highest in 2  months on gains on Wall Street that stoked optimism about the  U.S. economy and the outlook for Japan's export-led recovery.
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The Japanese economy is expected to grow just above 2.0 percent in 2005 and 2006, losing some steam on slower exports after an estimated robust 4.0-percent expansion this year, according to the OECD.
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Japan's Nikkei average rose on Wednesday after the Federal Reserve indicated the U.S. economy was growing moderately, boosting exporters such as Matsushita Electric Industrial Co. and Toyota Motor Corp.
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The Japanese government left its view unchanged that the domestic economy is recovering, but warned that a high yen could hurt export-led growth.
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Japan's core consumer prices rose 0.4 percent in November from a year earlier as Asia's largest economy showed fresh progress in its long struggle against deflation, official figures showed Friday.
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Japan's Nikkei average edged up 0.1 percent at the opening on Friday on more buying of exporters, including Fuji Photo Film Co. Ltd., after another day of falls in oil prices eased fears about the global economy.
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Tokyo's Nikkei average was up 0.18 percent by mid-morning on Wednesday, helped by Wall Street's higher finish, but gains were limited by nagging concerns over the global economic outlook due to surging oil prices.
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Japan's economy outperformed both the United States and the euro zone in January-March for the second straight quarter, reinforcing expectations the Bank of Japan will raise rates in August.
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The minister of economic and fiscal policy, Hiroko Ota, said there had been little change in price trends in January, after a report showed inflation slowed to zero percent for the first time since May. âPrices continue to be flat,â Ms. Ota said. Core consumer prices, which exclude fresh food, were unchanged from a year earlier, matching the median estimate of economists surveyed by Bloomberg News. Household spending climbed 0.6 percent in January, the statistics bureau said, the first increase since December 2005. Economists expected a 0.3 percent drop. The jobless rate was 4 percent, unchanged after the previous monthâs figure was revised from 4.1 percent, the agency said.
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Japan grew at an annual pace of 3.3% in the first quarter of 2007, figures show, higher than previous estimates.
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JapanÂs economy grew at a slower pace than previously reported in the most recent quarter, a sign that a long expansion may be losing steam.