ECONOMIC REVIEW Japan downgrades growth assessment TOKYO – JAPAN’S government yesterday downgraded its assessment of Asia’s largest economy for the first time in 15 months, saying the recovery was losing steam due to slowing United States growth. A monthly report from the Cabinet Office acknowledged that exports and industrial output are cooling, while consumer spending [...]
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Japan’s exports improve despite US slowdown
Rising import costs due to surging oil, gas prices cause big trade deficit in Jan IN TOKYO FACED with slowing demand in the US market, Japan’s exports still managed to improve last month on the back of solid sales to other parts of Asia and to Europe. But surging oil and natural gas prices pushed [...]
