Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Japan ups GDP growth to 3.8 percent in April-June

Japan's economy in June 4 - expand faster than previously reported, according to the revised estimate present than real growth rate of 3.8%, due to the private and public investment spending is higher.
A preliminary estimate in the growth of 2.6% for the world's third-biggest economy.
The cabinet office said on Monday, economic growth, from 0.9% last quarter than previously estimated growth of 0.6%.
Stronger data, making it easier to, the government will continue in a planned way of sales tax increases, some economists worry that could slow economic recovery, but this is to help curb the country's huge national debt.
"However, ongoing consumption and reliance on government spending, show that some relevant fiscal stimulus measures will need to prevent rapid economic growth has slowed, said:" the comment from the Capital economy (Capital Economics).
Business tax cuts could also help and advice. Some senior Japanese officials have urged Tokyo to reduce the corporate tax, of which more than 35% is the highest in the major industrialised countries. However, less than a third of all companies actually paid taxes and fees, which means that such measures could do little to encourage investment.
News, plus Tokyo choose to host the 2020 summer Olympic Games at the weekend, prompt rebound, 22 benchmark nikkei index rose 2.5%, the Tokyo stock exchange on Monday.
Construction and building materials company, real estate and tourism industry is expected to directly benefit from one of Tokyo's role as the host country. But according to government estimates, the overall positive impact could exceed 4 trillion yen ($4 billion).
The government has invested heavily construction as part of its economic stimulus plan, has the significant funds allocated to left unused public works. Economists say, by March 2011 earthquake and tsunami disaster destroyed northeastern Japan rebuild the contractor has been compromised.
In addition to the improvement of the bottom line, the game is a more than 20 years of economic stagnation, its financial state after the bursting of the bubble in the 1980 s, morale booster. As the population ageing and shrinking, enterprise more not make all kinds of needs a lot of investment, to stimulate the continuous growth.
Monday's GDP revision actually showed lower consumption and housing consumption, consumption, plays a weak spot in the Japanese economy.
Several other survey also showed signs of concern, and consumer confidence in August revenue growth, employment and measures of the people's livelihood with prolapse. "Economic observer" the cabinet office survey in August also weaken its accident at their lowest level since January.
"Theory of value, today's data show that the economy is entering a growth stage, the capital market economist marcel Thieliant and Julian jessop said:" in a separate commentary.
The revised GDP data also show increased by 1.8%, compared to earlier estimates of the public investment, increased by 3%. It also suggests that private nonresidential investment increased slightly. Data of imports and exports remain the same.
Prime minister Shinzo Abe (Shinzo Abe) has returned to economic growth, a key priority set the inflation target of 2%, he said need to break the deflation, Japan's economy back on track, after more than 20 years of stagnation.



Other News:
Japan ups GDP growth to 3.8 percent in April-June
Euro zone sentiment turns positive for first time in over two years
Japan's Abe shakes hands with China'S Xi at G20
Carmakers upbeat at Frankfurt as market steadies
Al Qaeda affiliate claims attacks against Shi'ites in Baghdad
Battle over Fed - Summers' opponents seek to sway Obama
Google argues for right to continue scanning Gmail
US: Proven link of Assad to gas attack lacking