Japan's Economy Sputters as Dismal Run Extends to Three Quarters [Yahoo! Finance Canada]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance Canada
back to last summer and complicates the picture for the central bank as it mulls the timing of its next interest rate hike. Most Read from Bloomberg Gross domestic product contracted at an annualized pace of 2% in the three months through March, the Cabinet Office said Thursday. Economists had forecast a contraction of 1.2%. Private consumption and capital spending both retreated, while net exports also dragged. ADVERTISEMENT The report showed that the economy has failed to grow since last spring, as updated figures for the last quarter of 2023 were revised to show the economy flatlining after slumping in the summer. The result reflects the negative impact of a New Year's Day earthquake northwest of Tokyo and disruptions to auto production and sales after a certification scandal blew up at Daihatsu Motor Co., a subsidiary of Toyota Motor Corp. While those factors can be discounted as temporary, the continuing impact of the strongest inflation in generations is a more endur
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