Recession for Japan economy
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Japan's GDP fell by 0.1% in the last quarter of 2004, taking the country into recession.
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Prime Minister Yasuo Fukuda said Tuesday that Japan's economy was continuing a recovery despite recent turmoil in financial markets over fears of a global recession.
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Japan&#39;s economy will be the most severely affected among industrialized nations by population aging, Kyodo News said Thursday.
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Japan&#39;s economy grew 0.3 percent in April-June from the previous quarter, less than the 0.4 percent growth rate initially estimated, the government said Friday.
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Business sentiment among big Japanese  manufacturers has sunk to a two-year low, a Bank of Japan  survey showed on Friday, reinforcing expectations that any rise  in interest rates will be delayed to late next year.
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The yen fell against the dollar and euro  on Wednesday after data showed that Japan's economy slipped  into recession for much of 2004, but the market quickly looked  ahead to remarks by Fed chief Alan Greenspan later in the day.
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Japan downgraded its economic assessment for the first time in more than a year on Tuesday, noting slower export growth and curbed production, but said the recovery is continuing.
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TOKYO  - Japan downgraded its economic assessment for the first time in more than a year Tuesday, noting slower export growth and curbed production, but said the recovery is continuing.
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Japan revised its first-quarter economic growth to an annual pace of 3.3 percent, from 2.4 percent, because business investment was stronger than initially estimated. The report confirmed that Japanâs economy remained on a healthy recovery path in the first three months of the year. The bulk of the revision came from capital investment, which rose 0.3 percent from the previous quarter, better than the preliminary figure of a decrease of 0.9 percent. Consumer spending, which makes up more than half of Japanâs gross domestic product, was up 0.8 percent from the previous quarter, the data showed. That was slightly below the preliminary reading of a 0.9 percent rise. Compared with the previous quarter, the G.D.P. rose 0.8 percent in the January-March quarter, the cabinet office said.
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Japanâs economy contracted in the April-June quarter, the government said in a revision of its preliminary estimate that it had expanded. The latest data suggest that Japanâs economy may be suffering a slowdown in its pace of growth, making it harder for the Bank of Japan to raise interest rates anytime soon. The government said the nationâs gross domestic product fell 1.2 percent on an annual basis in the April-June period, the first contraction in three quarters. Its preliminary estimate was that the economy had grown 0.5 percent in the spring quarter.
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Japan&#39;s central bank downgraded its assessment of the economy for the first time in more than a year Friday, citing weakening industrial production and slowing export growth.
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Reports on factory orders and the labor market portrayed an economy that is skirting recession as attention shifts to government figures on employment to be released Friday.
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Reports on factory orders and the labor market  portrayed an economy that is skirting recession as attention shifts to government figures on employment to be released Friday.
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Business sentiment among big Japanese manufacturers has sunk to a two-year low, a Bank of Japan survey showed on Friday, reinforcing expectations that any rise in interest rates will be delayed to late next year.
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Japan's economy grew at a worse-than-expected annual pace of 0.3 percent in the third quarter as exports and capital expenditures weakened.
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The Bank of Japan, which last month  raised interest rates for the first time in six years, is  expected to keep its powder dry this week as it confirms that  economic growth is slowing and with inflation yet to  materialize.
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Japan has said that corporate investment slowed from its recent breakneck pace in the three months to September, raising fears of a downgrade in economic growth for the quarter.