Japan economy ends two years of growth

Woman in a Kimono makes her way at a shopping district in Tokyo

"There were one-off special factors in the January-March period, ranging from stock market sell-offs to higher vegetable prices due to bad weather", said Takeshi Minami, chief economist at Norinchukin.

GDP is expected to be flat on quarter and slip 0.1% on year after adding 0.4% on quarter and 1.6% on year in the three months prior.

Economists don't expect the period of contraction to last long.

Economists polled by Reuters suggest Japan's economic growth has decreased by an annualised rate of 0.1% in the first quarter of 2018 after recording 1.6% growth in the final quarter of 2017.

Given Japan's reliance on export-led growth, trade friction brought on by President Donald Trump's efforts to trim the perennial US trade deficit has raised uncertainty over the outlook for the economy.

"The economy is unlikely to continue to contract further".

Groups sue to stop Iowa's 'fetal heartbeat' abortion ban
ACLU of Iowa Legal Director Rita Bettis said no state or federal court has upheld an abortion law that is this restrictive. Supreme Court in the belief that the 5-4 conservative majority could curtail abortion access or ban it outright.

Slower export growth reflected a decline in shipments of mobile phone parts and factory equipment in the quarter, a government official said.

The surprise quarterly decline saw the seasonally-adjusted annual rate decline to -0.6%, below the -0.2% level forecast by economists.

Maruyama of SMBC Nikko Securities.

Consumers will keep purse strings tight "unless the pace of wage increases shows a clear acceleration", he said in a commentary published ahead of the data release.

The first-quarter contraction could make Japanese politicians more reluctant to implement a hike in sales tax to 10 percent from the current 8 percent scheduled for next year.

Under Prime Minister Shinzo Abe, the world's third-largest economy has picked up steam through a deflation-fighting stimulus program driven mainly by asset purchases by the central bank that are injecting billions of dollars into the economy each year.

Related News:

  • Look At What LeBron James Is Doing Hours Before Game 2 Starts

    Look At What LeBron James Is Doing Hours Before Game 2 Starts

    I think even early on with the shots that we had, we had some wide-open looks that just didn't go. "We're OK with that". Team president Rich Gotham will represent the team on the actual podium, and likely be sporting more traditional garb.
    California Solar Forecast Bumped By 14% Over 4 Years By Solar Mandate

    California Solar Forecast Bumped By 14% Over 4 Years By Solar Mandate

    The minimum amount of solar power required by the new standards wouldn't be enough to meet all the needs of most homes. Under the plan, some new homes, including those located under shade, will be exempt from having solar panels.
    Malaysia's Anwar Ibrahim freed from jail

    Malaysia's Anwar Ibrahim freed from jail

    Mahathir is the leader of the ruling alliance and Anwar's PKR won the majority of parliamentary seats in the group. The royal pardon is crucial for the PKR leader who plans to return to politics after his release.
  • STALKER 2 Seems Set For 2021 Release Date

    STALKER 2 Seems Set For 2021 Release Date

    Stalker 2 was originally revealed back in 2010, but it didn't get very far before everything-the game and the studio-fell apart. The developer GSC Game World has now officially confirmed that a full sequel of the Stalker game is in development.
    Packers Not Expected To Sign Dez Bryant

    Packers Not Expected To Sign Dez Bryant

    - Not that it should come as much of a shock, but the chances that Dez Bryant ends up in Green Bay took a hit on Tuesday. Bryant will likely have to keep looking for a new team as opportunities continue to dwindle throughout the offseason.
    Former Premier League defender Jlloyd Samuel dies in auto  crash

    Former Premier League defender Jlloyd Samuel dies in auto crash

    Manchester United's Ashley Young remembered how Samuel had "taken him under his wing" when he started out at Aston Villa . The driver of the van, a 54-year-old man, has also sustained serious injuries and is now being treated in hospital.
  • Facial recognition technology is

    Facial recognition technology is "dangerously inaccurate"

    The South Wales Police's facial recognition system wrongly identified 91% of the matches . Systems incorrectly flagged 102 people as potential suspects, though none were arrested.
    Lightning lead Capitals 4-1 in 3rd

    Lightning lead Capitals 4-1 in 3rd

    So far, the Stamkos we're seeing tonight - rather than the one of the previous two games - appears to be who he really is. He took a feed from Hedman, converting for his 10th career postseason power-play goal-a franchise record.
    Manchester City earn record-breaking farewell for Yaya with 3-1 win

    Manchester City earn record-breaking farewell for Yaya with 3-1 win

    But their game is not all about strangling and picking off the other team, it's much more positive than that. With English records tumbling, Europe offers the final frontier for Guardiola's history makers.
  • SPOILERS** WWE Monday Night RAW 5.14.18 From London

    SPOILERS** WWE Monday Night RAW 5.14.18 From London

    The assault was enough to make Mahal unable to compete in the main event for a spot in the Money in the Bank Ladder Match. Braun Strowman and Finn Balor teamed up in the third tag team contest on WWE Raw against Dolph Ziggler and Drew McIntyre.
    Muqtada al-Sadr Alliance Wins Elections in Iraq

    Muqtada al-Sadr Alliance Wins Elections in Iraq

    Sadr has led two uprisings against US forces in Iraq and is one of the few Shiite leaders to distance himself from Iran . It may be Abadi, Reuters reports, who has signaled a willingness to work with Sadr to form a working government.
    Teacher suspended over 'relationship' with boy, 17, is shot dead in driveway

    Teacher suspended over 'relationship' with boy, 17, is shot dead in driveway

    When asked, DelTonto said that she was "just talking" to her former student, who was "upset and needed someone to talk to". She was an elementary school teacher but was suspended months before her death. 'I don't know why that happened.


Most liked

One dead, three injured in explosion at California medical center
A deputy with Orange County Sheriff's Department told KTLA the explosion was caused by a gas leak and the area is being evacuated. Authorities had not found an explosive device Tuesday night but were searching through debris that was left after the blast.

Wall Street stocks slide as Treasury yields surge
Stocks are broadly higher at midday on Wall Street as investors hope that trade tensions will ease between the US and China. The Dow's eight-session winning streak came to an abrupt end as Treasury yields spiked, returning to multi-year highs.

Soros foundation quits Hungary to escape 'unprecedented' tactics
His Open Society Foundations will leave Budapest , Hungary, citing pressure from the Hungarian government. The building that houses the Budapest offices of the Open Society Foundations in Budapest , Hungary.

Khloe Kardashian Reveals Why She 'Can't Wait to Get Back to LA'
The new mom's clapback was swift and powerful, replying back: "I mean. her dad is black silly". Kim said that Khloe is doing really good and is just in awe of her baby girl.

Veteran voice actor Nolan North to receive BAFTA Special Award
I don't think [the abuse] will ever leave any of them, but she is fearless enough to go through it again with us to film it. The Handmaid's Tale , financed and first released through USA streaming service Hulu, won Best International Drama.

Cavs aiming to be better in Game 2 vs. Celtics
So if that doesn't highlight just how pivotal Game 2 is for James and the Cavs on Tuesday night, I don't know what else will. The Celtics showed James several different looks throughout the game , switching as many as five different players on him.

US Sanctions Iran's Central Bank Governor, Alleges Hezbollah Ties
Treasury Department also issued economic sanctions against another top official, in addition to Seif. President Trump in April said Iran would pay a "price" if it threatens the U.S.

Project Maven: Nearly a dozen Google employees have reportedly quit in protest
However, the employees in the San Francisco Bay Area have condemned Google's decision of getting into the "business of war". It means that a drone would be able to pick out a known terrorist in a crowd and centre any attack on that area.

Scotland rejects key Brexit bill sparking fears of constitutional crisis
However even if Holyrood votes to refuse consent, Westminster can still go ahead and introduce the legislation anyway. Tomkins insisted the UK Government had moved to "accommodate fair concerns raised by all parties in Scotland".

GAN's (LON:GAN) Buy Rating Reiterated at Liberum Capital
Also, the number of hedge funds holding Choicepoint Inc in top ten stock positions was flat from 2 to 2 for the same number. Finally, JPMorgan Chase reiterated a "neutral" rating on shares of Victrex in a report on Tuesday. (NASDAQ:NNBR).

Facebook suspends 200 apps over possible data misuse
They also indicated they would study the company's response to their questions as they weighed up what to do next. This illustration picture taken on April 19, 2018 in Paris shows the tablet and smartphone app for Facebook.

Democrats Mark Warner, Heidi Heitkamp to back Gina Haspel
As you know, Senators Feinstein, Wyden, and Heinrich have joined Senator Warner in calling the level of declassification on Ms. Her specific role in the program remains classified. "Her refusal to acknowledge torture's immorality is disqualifying". "Ms.

Apple's California Self-Driving Car Test Fleet Continues to Grow
Last April, Apple first received a permit to test autonomous vehicles in the state starting with only three Lexus Rx450h SUVs. Chief Executive Officer at Apple , Tim Cook called self-driving a core technology that we view as very important.

Ronaldo, Carvajal back in full Real Madrid training
Messi told TyC Sports on Tuesday that "it would be awful , for all that Ney means to Barcelona ". I never set out to be the best, second best, third or fourth.

OPEC in no hurry to decideif extra oil needed to offset Iran
During the talks, they exchanged views on the future of the Iran nuclear deal following the withdrawal of the U.S. from the 2015 agreement.