• Japan's economy rebounds but trade rifts cloud outlook

    10 monthes ago - By Reuters

    Japan's economy grew more than expected in the second quarter, helped by strong household and business spending and recovering from an earlier contraction, but global trade tensions loom as major risks to the export and investment outlook. David Pollard reports.
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  • Asian shares slip despite upbeat Japanese economic data

    10 monthes ago - By Chron

    BANGKOK - Shares were lower in Asia on Friday, tracking losses on Wall Street despite the release of data showing Japan's economy resumed its longtime expansion in the last quarter.
    KEEPING SCORE: Japan's Nikkei 225 index lost 1.3 percent to 22,298.08 and Hong Kong's Hang Seng gave up 1.0 percent to 28,331.54. The Shanghai Composite index fell 0.3 percent to 2,786.97 and Australia's S&P ASX 200 declined 0.2 percent to 6,282.00. In South Korea, the Kospi lost 0.9 percent to 2,282.50. India's Sensex fell 0.3 percent to 37,944.19. Shares were lower in Taiwan, Thailand and Singapore but rose...
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  • Japan's economy rebounds as consumers, companies spend more

    10 monthes ago - By Chron

    TOKYO - Japan reports its economy resumed its longtime expansion in the last quarter as consumers and businesses stepped up spending.
    The preliminary data released Friday showed that trade weighed slightly on growth. The economy grew at a 1.9 percent annual pace after contracting by 0.6 percent in January-March.
    In quarterly terms, gross domestic product expanded 0.5 percent in April-June, rebounding from a 0.2 percent contraction.
    Consumers spent more thanks partly to a rise in earnings mostly fueled by strong half-year bonus payments.
    The contraction early in the year interrupted Japan's...
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