Japan's GDP Grows 3.1% in April-June, First Positive Growth in Two Quarters

TOKYO, Aug 15 (News On Japan) - Japan's GDP for the April-June period this year showed a real growth rate of 3.1% on an annualized basis, the Cabinet Office announced on Thursday.

The real GDP (Gross Domestic Product) growth rate for the April-June quarter was 0.8% compared to the previous three months, translating to an annualized rate of 3.1%.

This marks the first positive growth in two quarters.

Personal consumption, which accounts for more than half of GDP, grew by 1.0%—the first increase in five quarters—driven by the resumption of production and shipments following the resolution of the certification fraud issue at automobile manufacturers, as well as strong sales of air conditioners during the heatwave.

Nominal GDP reached 607 trillion yen on an annualized basis, surpassing 600 trillion yen for the first time.

Source: ANN

Japan's Tuition-Free High School Program Expanded Nationwide

The Japanese government has decided to expand its tuition-free high school program this spring. Public high school tuition is now completely free regardless of household income, and starting next academic year, the scope of support for private schools will also be broadened.

Exploring the Mystery of Okinawa's Royal Tomb

Shuri Castle, a symbol of Okinawa's Ryukyu heritage, suffered extensive damage in a devastating fire in October 2019 that destroyed the main hall and many other structures. The cause of the blaze remains unknown.

Lack of Carpenters Causing Construction Delays

A deepening labor shortage in Japan’s construction industry is beginning to impact homebuyers, with some experiencing delays of more than six months before construction can even begin due to a lack of available carpenters.

Japan's Imperial Household Launches YouTube Channel

The Imperial Household Agency launched an official YouTube channel on April 1st to introduce the activities of Emperor Naruhito and Empress Masako.

New Recruits Across Japan Mark First Day as Working Adults

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.

MEDIA CHANNELS

MORE Business NEWS

Next-Gen Semiconductor Project Kicks Off in Hokkaido

The prototype line for next-generation semiconductors developed by Rapidus is now ready, as a nationwide initiative to boost Japan's chip industry takes a major step forward in Hokkaido.

Japan to Tighten Screening of Foreign Investments

The Japanese government approved a cabinet ordinance on April 1st to introduce a new pre-screening system for foreign companies investing in Japan. The revised regulation will take effect on May 19th.

Economic Outlook Dims for Japan's Industrial Giants

The Bank of Japan's March Tankan survey, a key quarterly economic report, showed that business sentiment among large manufacturers has deteriorated for the first time in four quarters.

Tokyo Starts Mandatory Solar Panels for New Houses

Tokyo has made it mandatory to install solar panels on newly built houses starting April 1st, as part of its broader effort to halve greenhouse gas emissions by 2030.

Sekisui House Holds Entrance Ceremony at Grand Green Osaka

The new fiscal year began on April 1st, with companies across the Kansai region holding entrance ceremonies to welcome new employees.

New Recruits Across Japan Mark First Day as Working Adults

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.

Sukiya Closes Most Stores After Insect and Rat Contamination

Sukiya, one of Japan's leading beef bowl restaurant chains, announced it will temporarily close nearly all of its stores after an insect was found in a food item served at one of its outlets.

Fuji TV Announces Major Leadership Overhaul

Fuji Television announced a sweeping overhaul of its management structure on March 27th, including the retirement of longtime executive Hisashi Hieda, who served on the board for 41 years.

< 2 3 4 5 >