Tag: earthquake

Japanese economy continues to struggle

Japanese economy continues to struggle

The Cabinet Office has today revealed the world’s third largest economy performed worse than originally thought in the April to June period. Gross Domestic Product (GDP) contracted by 2.1% on an annual basis in the three-month period, compared with an initial estimate of 1.3%. The fall was attributed to a cut back on spending by [...]

September 9, 2011 | 0 Comments More
Japanese economy performs better in Q2

Japanese economy performs better in Q2

Japan’s economy performed better than in expected in the second quarter, suggesting the country is slowly recovering after the earthquake and tsunami, which struck in March. According to the Cabinet Office, the economy contracted by 0.3% in the April to June period – less than the 0.7% expected by analysts. On an annual basis, meanwhile, [...]

August 15, 2011 | 0 Comments More
Japan’s economy continues recovery from earthquake and tsunami

Japan’s economy continues recovery from earthquake and tsunami

July 29, 2011 | 0 Comments More
Japan’s retail sales recover in June

Japan’s retail sales recover in June

July 28, 2011 | 0 Comments More
Japan’s exports recover in June

Japan’s exports recover in June

Official figures today revealed Japan’s exports recovered last month as the economy starts to rebound from the devastating earthquake and tsunami, which hit on 11 March. Exports rose by 5.4% on a monthly basis but were 1.6% lower on an annual basis – but this represented the slowest fall in four months. Analysts had forecast [...]

July 21, 2011 | 0 Comments More
New Zealand economic growth beats expectations in Q1

New Zealand economic growth beats expectations in Q1

Official figures today revealed New Zealand’s economy surged in the January to March period despite the devastating earthquake which hit Christchurch, the country’s second largest city, on 22 February. The economy grew by 0.8% in the three month period – the fastest pace for over a year, according to Statistics New Zealand. The figure was [...]

July 14, 2011 | 0 Comments More
Bank of Japan lowers economic growth forecasts

Bank of Japan lowers economic growth forecasts

The Bank of Japan (BOJ) has today revised its growth forecast for the economy following the earthquake and tsunami which struck in March. The twin disasters forced the country back into a recession after industrial output suffered a record drop and spending dived as consumer and business confidence took a battering. The Japanese economy, which [...]

July 12, 2011 | 0 Comments More
Japan’s current account surplus down 52% in May

Japan’s current account surplus down 52% in May

July 8, 2011 | 0 Comments More
BoJ Tankan survey reveals fall in business sentiment

BoJ Tankan survey reveals fall in business sentiment

The Bank of Japan’s (BoJ) closely watched quarterly Tankan survey has revealed business confidence has plunged after March’s earthquake and tsunami. The index turned negative for the first time in more than 12 months with companies gloomy about the future. The key index fell to a reading of -9 from a positive reading of 6 [...]

July 1, 2011 | 0 Comments More
Japan’s industrial output recovers further in May

Japan’s industrial output recovers further in May

Japan’s industrial output recovered further last month after a record drop in March due to the earthquake and tsunami. Disruptions caused by the twin disasters resulted in carmakers being forced to halt production as a result of parts shortages. However, it looks as if the situation is improving for manufacturers after output rose at a [...]

June 29, 2011 | 0 Comments More
Japan’s retail sales fall in May

Japan’s retail sales fall in May

June 28, 2011 | 0 Comments More
Japan’s exports down 10.3% on year

Japan’s exports down 10.3% on year

June 20, 2011 | 0 Comments More
Japan core machinery orders fall in April

Japan core machinery orders fall in April

Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending – unexpected declined in April. According to the Cabinet Office, orders were down 3.3% in April on a monthly basis – far lower than forecasts of a 1.2% rise. Analysts say the fall in orders is attributed to [...]

June 13, 2011 | 0 Comments More
UK industrial output falls more than expected in April

UK industrial output falls more than expected in April

The Office for National Statistics has today revealed UK industrial output fell 1.7% in April – confounding expectations of a 0.1% rise. The fall was attributed to the extra bank holiday for the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. The fall represented the biggest since August [...]

June 10, 2011 | 0 Comments More
Japan’s industrial output recovers in April

Japan’s industrial output recovers in April

Japan’s industrial output recovered slightly last month after a record drop in March due to the earthquake and tsunami. Government figures show factory output rose by 1% in April, however, this was lower than the 2% expected by analysts. Furthermore, it was 14% lower compared with April last year. However, according to analysts, today’s figures [...]

May 31, 2011 | 0 Comments More
Japan’s car production slumps in April

Japan’s car production slumps in April

Japanese carmakers have been hit as a result of the earthquake and tsunami in March. Figures today revealed Toyota, the world’s largest carmaker, said production plunged 74.5% in April on an annual basis. Meanwhile Honda’s output fell 81% on an annual basis, while Nissan suffered a 48.7% fall as they were forced halt production as [...]

May 27, 2011 | 0 Comments More
Japan ends 2 years of deflation

Japan ends 2 years of deflation

The Statistics Bureau has today revealed Japan has overcome deflation for the first time in 25 months after consumer prices rose by 0.6% last month – in line with forecasts. A short period of deflation (where prices fall rather than increase) is a serious threat to an economy because it deters consumers and businesses from [...]

May 27, 2011 | 0 Comments More
Japan exports slump due to earthquake and tsunami devastation

Japan exports slump due to earthquake and tsunami devastation

The Ministry of Finance has today revealed Japan’s exports plunged by in April – hit by the 11 March earthquake and tsunami. Official figures revealed exports fell by 12.5% in April on an annual basis as the twin disasters forced some of Japan’s largest exporters to halt production. Meanwhile, imports surged by 8.9% in April [...]

May 25, 2011 | 0 Comments More
UK car production down in April

UK car production down in April

Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp fall in UK car production for the month of April, disrupted by supply shortages, resulting from the Japanese earthquake and tsunami. Japan’s three major carmakers (Toyota, Nissan and Honda) all have operations in the UK, with the latter halving its [...]

May 19, 2011 | 0 Comments More
Japan slips back into recession

Japan slips back into recession

The Japanese economy, which is the world’s third largest, has slipped back into recession following the devastating earthquake and tsunami which happened on 11 March. The Cabinet Office has today revealed the economy contracted by 0.9% in the January to March period. The economy has now contracted for two consecutive quarters – meaning it has [...]

May 19, 2011 | 0 Comments More