Latest economic trends in Japan

Added On March 10, 2019

Now let’s take a look at some business news from Japan.
According to a report released on Friday, the Japanese economy grew at an annualized?rate of 1.9 percent during the last quarter of 2018.
The growth rate in the October-December quarter beat an initial estimate of 1.4 percent due to increased capital spending.
The latest quarter of expansion follows the economy contracting in the July-September period as a result of a number of natural disasters in Japan.
On the same day, the finance ministry said that robust foreign investment pushed Japan’s current account surplus in January to 5.4 billion U.S. dollars.
Japan also posted a goods trade deficit of 8.6 billion U.S. dollars and a services trade deficit of 1.3 billion U.S. dollars.
Primary income, which reflects returns on overseas investments, registered a surplus of 15.7 billion U.S. dollars, the highest on record for the reported month.