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Japan's economy is facing more headwinds than previously thought, after it dropped to the world's fourth-largest, trailing the United States, China and now Germany, and unexpectedly slipping into recession last year. ....
Japan has taken a baby step toward reducing its bloated budget to pre-COVID normal, but fiscal spending pressures on the government may not ease soon. ....
Japan's economy shrank an annualized real 2.9 percent in July-September, sharper than the previously reported 2.1 percent, hurt by weaker-than-expected private consumption and slowing growth of exports, government data shows ....
The International Monetary Fund lifts its 2023 growth forecast for Japan to 2 percent, up from its 1.4 percent prediction in July, citing "a surge in inbound tourism" as one of the major factors. ....
Japan's economy grew at a stronger-than-expected annualized real 6.0 percent in the April-June quarter on robust auto exports and a revival in inbound tourism, though an unexpected drop in private consumption cast a pall over the outlook, preliminary government data showed Aug. 15 ....