International AFP
the city of Tokyo on August 15, 2016. the Japanese economy stagnated in GDP in the second quarter, after posting a rise of 0.5% in the first (afp_tickers)
Japan recorded a stagnating economy in the second quarter of 2016 compared to the first, which met up 0.5%, according to provisional data released Monday by the government.
Between April and June, the Gross Domestic Product (GDP) stood at 0.0%, a lower figure than expected. analysts polled by Bloomberg News financial betting on growth of 0.2%.
In annual data, GDP recorded, however, a modest progression of 0.2%.
the third world economy suffered a further decline in non-residential business investment (-0.4%) and a negative contribution of foreign trade and a drop in exports by 1.5 %, in a context of listless global growth and a slowdown in emerging countries.
the recent rise of the yen, a refuge of the moneychangers in periods of uncertainty value, worsens the situation in Japan, as penalizes exporters.
on the side of the positive elements, household consumption registered an increase of 0.1% and public demand, 0.6%.
Japanese Prime Minister Shinzo Abe, fails to revive the Japanese economy, despite the launch in late 2012 “Abenomics” strategy based on three-fiscal, monetary and structural pillars -.
in recent quarters, GDP is between contractions or modest growth.
in a new attempt to revive the economy, Abe had announced in July a program of 28 trillion yen (273,000 million, 240,000 million euros).
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AFP international
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