Report with ben bland. Confounding the critics japan beats expectations as it records its fastest rate of growth in more than two years. 70 years of partition we take a look at how the economies of india and pakistan have diverged since the end of british rule. Hello and a very warm welcome to bbc news of World Business report. I am ben bland. Japan has just released its latest set of growth figures, and theres been some good news for the worlds Third Largest economy. Japan has exceeded all expectations by recording growth of 1 between april and june. The numbers are an Encouraging Development for the government but dont solve the countrys ongoing financial headaches. Japans productivity per person per hour stands at 23. 45 that leaves it in 18th place in the world, well behind the us, on 33. 41, and a host of others including canada, the uk and france. The countrys debt has also ballooned in recent years. At more than 250 of gdp it has the largest debt to output ratio in the world by
TOKYO: The Bank of Japan (pic) is likely to maintain ultra-low interest rates on Friday and stress its resolve to support a fragile economy with massive stimulus, a move that may spark a renewed yen fall by highlighting a policy divergence with the rest of the world.
By Leika Kihara TOKYO (Reuters) - The Bank of Japan is likely to maintain ultra-low interest rates on Friday and stress its resolve to support a fragi.
Japan’s government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency as it plumbs 20-year lows.