Burton Mills - Japan Says Economic Recovery Remains on Track

TAIPEI CITY, Taiwan, April 19, 2018 (Newswire.com) - In a recent report on economic expansion, Japan’s assessment that its economy remain on course for a gradual recovery remained unchanged. Burton Mills economists say Japan expects growth to pick up again after slowing slightly in the first quarter of this year.

In its monthly report for April, Japan’s Cabinet Office said that Japan’s economy is still gradually recovering, a view that was the same as their March assessment.

Burton Mills economists say the Japanese government’s assessment that consumer spending is also recovering stayed the same as consumer spending on certain goods and services increased.

According to official data, capital expenditure is slowly increasing with Japan’s mid-sized firms indicating that they will increase their investment interests.

Burton Mills economists say a recent survey of companies revealed that businesses do not have sufficient production capacity to cope with demand.

While Japan’s longest stretch of expansion in over three decades was expected to falter in the first three months of 2018, Burton Mills economists predict that it will recover momentum during the rest of the year.

It was predicted that Japan’s economy would expand at a yearly rate of 0.5 percent in the first quarter of this year, down from the 1.6 percent growth in the fourth quarter of last year. This was due to a decline in consumer demand and factory productivity.

Japan, the world’s third biggest economy has posted growth for 8 consecutive quarters in the longest expansion since the country’s asset bubble more than thirty years ago.

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Source: Burton Mills