Japan's economy stagnated in 2nd quarter

Japan's economy stagnated in 2nd quarter

EconomyVN - The latest report from the Japanese government said the Japanese economy in the 2nd quarter of 2016 equals to the previous quarter and rise only 0.2% compared to the same period of 2015.

Accordingly, contrary to the forecasts of economists, growth in the Japanese economy in the second quarter of this year is only at 0%, due to weaker exports and reduced business spending. This result creates tremendous pressure on Japanese officials to revive the country's economy, while there are also more skeptics about the effectiveness of the economic program "Abenomics" lasted many years by Prime Minister Shinzo Abe.

The above figure is lower than the market's forecast and raises concerns about the stalemate of the Japanese Government in their efforts to recover the 3rd largest economy in the world.

Last week, Tokyo announced a new economic stimulus package worth up to 28.000 billion yen to support the economy, after the results of Brexit have made the global financial markets wobble.

Oanh Dao

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