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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: Horgad who wrote (4388)2/17/2020 3:24:41 AM
From: elmatador1 Recommendation

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DinoNavarre

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The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending.

Consumers may have tightened their purse strings in response to the consumption tax hike. Japan increased its consumption tax from 8% to 10% in October, the first hike in five years in October.

Economists estimate that consumer expenditure fell 7.8% in the fourth quarter, alongside declines in business investment and exports, according to Bloomberg.
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