Japan's economy is shrinking, although slightly less than previously thought
TOKYO — The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports and consumption declined from the previous quarter.
Another negative is the ongoing scandal involving improper vehicle model tests at several major automakers, including Toyota Motor Corp., which form the pillars of Japan’s brand power. Production was halted on some models. The safety of the vehicles aren’t affected, but the companies apparently wanted to speed up the testing process.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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