News On Japan
Business

Japan economy grows more than expected in Q1 after technical recession

TOKYO, May 17 (straitstimes.com) - Japan's economy expanded at a faster pace than expected in the first quarter as a further easing of pandemic regulations boosted consumption.

Sponsored Links
Travel and accommodations
Tokyo's hottest fashion
Hiring in Japan now
Buzzing Popular Restaurants

Gross domestic product (GDP) expanded at an annualised pace of 1.6 per cent in the first three months of 2023 for the strongest growth in three quarters, after a technical recession at the end of 2022 following a revision in earlier figures, Cabinet Office data showed on Wednesday.

Last quarter’s expansion exceeded analysts’ estimates of 0.8 per cent growth and was also supported by better-than-expected business spending.

Stronger wage growth and additional price relief measures by the government are supporting consumption.

But it remains to be seen if pay cheques can keep up with the pace of inflation that is so far proving stickier than expected. ...continue reading

Source: ANNnewsCH

News On Japan
POPULAR NEWS

Paris Olympics Open with 6km Parade on Seine

The 33rd Summer Olympics in Paris officially commenced with an opening ceremony held on the Seine River in the city center on the 26th (27th Japan time).

Japan Drafts Guidelines for Leftover Takeaway

Japan's Ministry of Health, Labour and Welfare has initiated the creation of guidelines for taking home leftovers as part of its efforts to reduce food waste. Restaurants are hopeful for clear directions on preventing food poisoning.

Japanese Women’s Life Expectancy at 87.14 Years, Men’s at 81.09 Years

Japan's Ministry of Health, Labour and Welfare have announced the average life expectancy for Japanese people last year, with women having an average life expectancy of 87.14 years, and men 81.09 years, both about half a month higher than the previous year.

Air Con Thefts 'Not Cool'

Theft of air conditioner outdoor units has surged as Japan's heatwave continues, leaving some businesses unable to run critical cooling systems.

Second Death of Hyogo Prefectural Employee Uncovered

As power harassment allegations against the governor of Hyogo Prefecture continue to swirl, it has been revealed that another prefectural employee has passed away, with the prefecture delaying a formal announcement of the death by 3 months.

MEDIA CHANNELS
         
MORE Business NEWS

Temp Job App 'Timee' Debuts on Tokyo Stock Exchange Growth Market

Temp job matching service 'Timee' has gone public on the Tokyo Stock Exchange amidst increasing labor shortages and diversified work styles.

Government Offers 5 Yen Reward for Using Amazon's 'Leave Delivery' Service

Starting in October, the Japanese government will introduce a new support measure aimed at addressing the logistics industry's labor shortage, known as the "2024 Problem," by offering up to 5 yen in points per delivery for using services like "Leave Delivery," where packages are left at the door.

Lawson's Delisting Ends on High Note

Convenience store giant Lawson was delisted from the Tokyo Stock Exchange Prime Market on July 24, as it enters a joint management system with Mitsubishi Corporation and KDDI.

Shibuya Launches Latest Development 'Sakura Stage'

A new multi-use complex has opened in Shibuya, Tokyo, an area experiencing a significant development boom, often described as a once-in-a-century transformation.

Record Rise in Japan's Minimum Wage

The national average minimum wage for this fiscal year has been set at 1,054 yen per hour, with the increase of 50 yen marking the largest ever.

Has Inflation Revived Japan’s Economy?

When inflation picked up a few years ago, no one was happy - well, apart from Japan, who might be able to pick itself up from its deflationary funk. So, could a sudden inflation spike be the beginning of Japan's long-awaited recovery? (TLDR News Global)

Amazon Starts Prescription Drug Delivery in Japan

Amazon has launched a new service in Japan called Amazon Pharmacy, which delivers prescription drugs to customers' homes.

NTT West to End 'Town Page'

NTT West announced that it will end its 'Town Page' phone directory and '104' phone inquiry services in March 2026.