Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

Japanese Economy Rebounds in April-June Quarter

0
Infinite yen symbols on a plane, 3d illustration

Japan’s economy rose by 0.3% in April-June from the previous quarter, matching an annualized pace of 1.3%, as corporate capital spending turned positive.

Source: Trading Economics

 

Nikkei 225 down -1.62%, EUR USD down -0.09%

The first turnaround in two quarters was bigger than the annualized increase of 0.66% that economists had expected.

Most of the period between April and June aligned with the state of emergency in Tokyo, Osaka, and other areas, when measures such as restricting outings and shortening restaurant hours.

Japan had suffered negative growth in the Q2 of 2020 when a state of emergency was declared for the first time amid the Covid-19 outbreak. But growth turned positive in the July-December period.

In January-March of 2021, a decline in personal consumption pushed down the overall growth rate, turning negative for the first time in three quarters.

fxcoach

3 Keys To Success in Arbitrage Strategies

Previous article

China’s Consumption to Maintain Steady Recovery-China Stats Bureau

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News