JAPAN’S economy slipped into a recession as it unexpectedly shrank for a second straight quarter on weak domestic demand, data showed on Thursday (Feb 15), raising uncertainty about the central bank’s plans to exit its ultra-easy policy sometime this year. Read more at The Business Times.
  • Drusas@kbin.social
    8·
    9 months ago

    “What’s particularly striking is the sluggishness in consumption and capital expenditure that are key pillars of domestic demand,” said Yoshiki Shinke, senior executive economist at Dai-ichi Life Research Institute.

    I can’t imagine how anyone is surprised by this. Japanese goods have increased in price (inflation) for the first time in an extremely long time. As in, for the first time within many people’s memories. Of course they’re suddenly going to be more concerned about spending.