Searched Tag: japan s economy![The Japanese economy contracted at an annual rate of 1.8% in the first quarter of this year, according to revised government data released Monday. This is a slight improvement over the initial estimate of a 2.0% decline. The Japanese economy contracted at an annual rate of 1.8% in the first quarter of this year, according to revised government data released Monday. This is a slight improvement over the initial estimate of a 2.0% decline.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fjapaneconomyjpg_1718010305211.jpg&w=3840&q=8)
![The Japanese economy contracted at an annual rate of 1.8% in the first quarter of this year, according to revised government data released Monday. This is a slight improvement over the initial estimate of a 2.0% decline. The Japanese economy contracted at an annual rate of 1.8% in the first quarter of this year, according to revised government data released Monday. This is a slight improvement over the initial estimate of a 2.0% decline.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fjapaneconomyjpg_1718010305211.jpg&w=3840&q=8)
June 10, 2024, 02:35 PM - 2 min read
Several factors have contributed to the economic downturn. Wage growth has been sluggish, and the cost of imports has risen due to the depreciation of the Japanese yen against the U.S. dollar. The dollar is currently trading at nearly 157 yen, up from about 140 yen a year ago.
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