|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Japan in Its Longest Economic Expansion since 1945, Government Says

TOKYO The Japanese government said on Tuesday that the national economy is possibly going through its longest expansion since the end of World War II, thanks mainly to the recovery of domestic demand.

This is demonstrated by preliminary economic data included in a monthly report presented Tuesday by the government, the deputy prime minister and finance minister Taro Aso said at a press conference after attending a cabinet meeting.

Aso said that Japan in December 2018 had its 74th consecutive monthly advance, owing to the anti-deflationary measures that the government has applied in the last six years.

If data confirms that economic activity grew again in December 2018, it would be the longest expansion since the post-war period in Japan.

The Office of the Japanese Cabinet is scheduled to release the GDP data for the last quarter of 2018 on Feb. 14, but it would take about a year and a half to review all data from previous years and confirm that it is a record streak.

In its monthly report, the government maintained its assessment of the economy which continued to recover at a moderate pace as well as its assessment of domestic consumption which is going through a rebound after showing persistent signs of weakness that have slowed down growth.

The main challenge facing the Japanese economy is the difficulties in achieving the 2 percent inflation target set by the central bank, owing to insufficient rises in prices and wages, as well as the reluctance of Japanese citizens to spend more.

Taro admitted that the China-US trade conflict could also have a negative impact on the national economy, adding that Tokyo is monitoring the situation and is prepared for that eventuality.

In addition, the government led by Prime Minister Shinzo Abe plans to increase of consumption tax from the current 8 percent to 10 percent in October, a measure that could be a new burden for household spending and economic growth.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved