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Japan's economy grew at a far slower pace in the third quarter than first thought as capital spending fell, but a double-dip recession is seen as unlikely as exports rebound and corporate spending shows signs of bottoming out.
Dec. 9 (Bloomberg) -- Japan’s plan to use more renewable energy to fight climate change hinges on another technology -- batteries as big as London buses to be hooked up to the power network at a cost of as much as 6 trillion yen ($67.4 billion).
Oops, Japan's economy isn't doing so well after all. The government revealed Wednesday that the world's second-biggest economy grew far less in the third quarter than it first estimated, unnerving investors and economists who believed the recovery was gaining momentum.
Dec. 9 (Bloomberg) -- Police in western Japan are investigating a series of vandalism acts against Protestant churches, with more than 50 places of worship damaged over the last year, the Asahi newspaper reported.
Dec. 9 (Bloomberg) -- Asian stocks dived after a Dubai developer posted a $3.65 billion loss, Japan’s economy grew less than expected and Greece’s debt rating was reduced.
If economic data are like a mirror, giving a backward look at where the viewer has been, then Japan's latest downbeat numbers are more like a funhouse mirror. Lisa Twaronite explains why.
TOKYO, Dec. 9 (UPI) -- Japan's economy, facing declining prices and lower capital spending, grew 1.3 percent in the last quarter against an earlier estimate of 4.8 percent.
Asian stocks dropped Wednesday as Japan's much weaker-than-expected economic growth and rising debt loads around the world added to concerns the global recovery was faltering.
Dec. 9 (Bloomberg) -- Japan remains able to reduce the world’s largest public debt , Morgan Stanley said after the government announced a plan for record bond sales this year.
Dec. 9 (Bloomberg) -- Japan’s economy expanded less than a third of the pace initially reported in the three months to September as companies slashed spending.
The final revision of Japan’s third-quarter Gross Domestic Product figures showed the economy expanded at a slower pace than originally reported, growing 0.3% versus initial estimates of a 0.7% expansion.
Dec. 9 (Bloomberg) -- Japan’s economy expanded less than initially estimated in the third quarter as companies cut spending in the wake of the country’s deepest postwar recession.
Japan won five swimming golds and China earned three Tuesday at the East Asian Games. Both countries collected eight golds in the first two days at the pool, but Japan fared slightly better on Tuesday. Japanese swimmers came first in the men's 400-meter individual medley, the men's 50 backstroke, the men's 200 backstroke, the women's 1,500 freestyle and the men's 4x100 freestyle...
Japan's government on Tuesday unveiled $81 billion of new stimulus spending to keep the world's second-biggest economy from lurching back into recession.
Japan Shares Fall, As Economic Growth Cut
Talks on the relocation of a major American military base have been suspended, deepening a deadlock between the United States and Japan, Japanese media reported Tuesday.
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