GLOBAL MARKETS: Lost decade, again?
Japan was hit by its biggest economic slump on record in the second quarter — growth sank 27.8% — as the pandemic emptied shopping malls and crushed demand exports
20 August 2020 - 05:00
Japan was hit by its biggest economic slump on record in the second quarter — growth sank 27.8% — as the pandemic emptied shopping malls and crushed demand for cars and other exports, bolstering the case for bolder policy action to prevent a deeper recession.
The third consecutive quarter of declines knocked the size of GDP to decade-low levels, wiping out the benefits brought by Prime Minister Shinzo Abe’s Abenomics stimulus policies deployed in late 2012...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.