Japan's economy likely contracted at the sharpest pace on record in the second quarter as the coronavirus crisis crushed business and consumer spending, a Reuters' poll showed, and a recent surge in infections is clouding the outlook for recovery.
TOKYO - Japan’s economy likely contracted at the sharpest pace on record in the second quarter as the coronavirus crisis crushed business and consumer spending, a Reuters’ poll showed, and a recent surge in infections is clouding the outlook for recovery.
Such a grim reading would cement views that the world’s third-largest economy has fallen into a deeper recession, and reinforce expectations that the government will need to compile another stimulus package on top of $2.2 trillion announced so far.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Pandemic derails Abe's strategy to revive regional Japan with tourismIt's peak summer holiday time in the ancient Japanese city of Kyoto, when throngs of international tourists would usually be flocking to its famous temples and spending up large in the city's hotels, restaurants and souvenir shops.
Weiterlesen »
Asia Today: Central Japan region put under virus emergencyTOKYO (AP) — A governor in central Japan announced a state of emergency Thursday due to rising virus cases and asked businesses and people to curb their activities, especially during an upcoming...
Weiterlesen »
Op-Ed: U.S. leaders knew we didn't have to drop atomic bombs on Japan to win the war. We did it anywayWe've been taught that the U.S. had to drop atomic bombs on Japan to end World War II. Historical evidence shows Japan would have surrendered anyway.
Weiterlesen »
China's July exports seen falling on global virus surge; import growth cools: Reuters pollChina's exports are expected to have dipped in July as a surge in global coronavirus infections depressed demand, while growth in imports likely cooled, a Reuters poll showed on Wednesday.
Weiterlesen »
Joe Biden Won’t Travel to Milwaukee for Democratic National ConventionBreaking: Joe Biden won't go to Milwaukee for the Democratic National Convention due to coronavirus concerns. He will deliver remarks from Delaware.
Weiterlesen »