Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Japan’s economy rebounds on healthy consumption as COVID restrictions ease, tourists arrive

PTI
Updated: May 17th, 2023, 15:15 IST
in Business, International
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Tokyo: Japan’s economy grew at an annual pace of 1.6 per cent in the quarter through March as private demand rebounded after COVID-19-related restrictions were eased, according to data released on Wednesday.

Real gross domestic product, which measures the sum value of a nation’s products and services, grew 0.4 per cent in January-March on-quarter in the world’s third largest economy, the government Cabinet Office said.

Also Read

Reliance Industries

Reliance Industries Q1 profit jumps 78% to Rs 26,994 crore on better show by consumer businesses

8 hours ago
Representational image

Bangladesh apprehends 34 Indian fishermen; New Delhi seeks their early return

8 hours ago

That was the strongest GDP growth pace since April-June 2022 marked a 1.1 per cent growth. It was also better than the market consensus forecast of 0.2 per cent.

The annualised pace shows what the growth would have been if what was marked during the quarter had continued for a year.

The biggest contributor to growth was private demand, surging an annual 3.1 per cent, with consumer spending and private investment showing a healthy rebound. The recent opening of borders to tourists and other incoming travel has also helped consumption perk up. Public demand grew at an annualised 1.8 per cent.

“Japan’s economy appears to be on a gradual recovery track despite sluggish global demand,” said Robert Carnell, regional head of research Asia-Pacific at ING.

Some analysts think such signs of recovery will prompt Japan’s central bank to take action on a policy change and move toward higher interest rates. The Bank of Japan policy board meets next month.

On the negatives, slowing exports dragged on growth, reflecting lagging global economies. Japan’s January-March exports dropped an annualised 15.6 per cent.

While much of the world, including the US and Europe, has been focused on inflationary pressures, Japan has been more cautious about its approach to inflation because it’s been hit by decades of the opposite problem: deflation, when prices spiral down.

Electricity bills were raised across the nation recently. Although that doesn’t directly affect core inflation, the move is likely to have some trickle-down impact to boost inflation, analysts say.

The relatively positive read for the Japanese economy may even work toward supporting Prime Minister Fumio Kishida’s standings with the public, which has had its ups and downs. Speculation is simmering that Kishida may call a snap parliamentary election later this year.

Kishida’s ruling Liberal Democratic Party has ruled Japan almost continually since the end of World War II. In recent years, it has faced few serious challenges because of a splintered opposition.

AP

Tags: CovidEconomyJapan
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019

Archives

Editorial

Use & Abuse

Courtesy: Tech Crunch
July 16, 2025

Freedom of speech and expression is the soul of democracy and to rob an individual of that fundamental right is...

Read more

Trump Targets BRICS

July 15, 2025

US President Donald Trump is opening new theatres of his global tariff war. This appears to be a strategy he...

Read more

ECI & Aadhaar

Election Commission of India
July 14, 2025

Many of the acts of omission and commission by the Election Commission of India (ECI) in the recent past have...

Read more

Socialist Democrat

Aakar Patel
July 13, 2025

One of the most remarkable democratic developments of recent times came from New York City this month. A 33-year-old man...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST