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Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending, revised government data showed Monday.
Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to ...
The country’s median age is 49.1 years, compared with 38.1 in the U.S. Japan will soon need to rely on a smaller number of working-age people to support a growing elderly population.
The Lost Decades are a lengthy period of economic stagnation in Japan precipitated by the asset price bubble's collapse beginning in 1990. The singular term Lost Decade (失われた10年, Ushinawareta Jūnen) originally referred to the 1990s, [1] but the 2000s (Lost 20 Years, 失われた20年) [2] and the 2010s (Lost 30 Years, 失われた30年) [3] [4] [5] have been included by commentators ...
The Japanese economy faces considerable challenges posed by an ageing and declining population, which peaked at 128.5 million people in 2010 and has fallen to 122.6 million people in 2024. [54] In 2022, the country's working age population consisted of approximately 59.4% of the total population, which was the lowest rate among all the OECD ...
Mechanisms used by the Japanese government to affect the economy typically relate to trade, labor markets, competition, and tax incentives. They include a broad range of trade protection measures, subsidies, de jure and de facto exemptions from antitrust statutes, labor market adjustments, and industry-specific assistance to enhance the use of ...
Japan's economy shrank by an annualized rate of 2% in the first quarter of 2024, as a weak yen and inflation drag down spending. ... Business spending is weak too, falling 0.8% quarter-on-quarter ...
The Middle East represented only 7.5 percent of total Japanese imports in 1960 and 12.4 percent in 1970, with the small rise resulting from the rapid increase in the volume of oil consumed by the growing Japanese economy. By 1980, however, this share had climbed to a peak of 31.7 percent because of the two rounds of price hikes in the 1970s.