{"id":297200,"date":"2011-03-10T01:31:59","date_gmt":"2011-03-10T01:31:59","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/10\/japan-economy-worse-than-forecast\/"},"modified":"2011-03-10T01:31:59","modified_gmt":"2011-03-10T01:31:59","slug":"japan-economy-worse-than-forecast","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/","title":{"rendered":"Japan economy worse than forecast"},"content":{"rendered":"<p><div readability=\"57.9402637704\">\n        \t\t  <span><br \/>\n    <span>9 March 2011<\/span><br \/>\n<span>Last updated at <\/span><span>20:31 ET<\/span><br \/>\n<\/span><\/p>\n<p> Japan&#8217;s economy contracted more quickly than first forecast in the final three months of 2010, hurt by weaker consumption and business investment, government figures showed.<\/p>\n<p>The Cabinet Office said Japan&#8217;s economy contracted by a revised 1.3%, compared with a preliminary report of 1.1%. <\/p>\n<p>However, despite the new figure, Japan&#8217;s economy grew by 3.9% in 2010.<\/p>\n<p>Last month, Japan was overtaken by China as the world&#8217;s second-largest economy.<\/p>\n<p>  <span>Export growth<\/span><\/p>\n<p>Japan&#8217;s economy has been hit by a drop in domestic demand.<\/p>\n<p>Car sales have been hit after a number of government subsidies came to an end, and a new tobacco tax has affected demand for cigarettes.<\/p>\n<p>A strong yen hurt has also hurt exports.<\/p>\n<p>However, the government is forecasting that Japan will emerge from the current economic lull later this year, helped by a pick up in foreign sales. <\/p>\n<p>&#8220;Exports will lead growth this year, but consumption may not do well as wage growth is very slow,&#8221; said Yoshiki Shinke, senior economist at Dai-Ichi Life Research Institute.<\/p>\n<\/p><\/div>\n<\/p>\n<p>Read more from the original source:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12695653\" title=\"Japan economy worse than forecast\" rel=\"noopener noreferrer\">Japan economy worse than forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 9 March 2011 Last updated at 20:31 ET Japan&#8217;s economy contracted more quickly than first forecast in the final three months of 2010, hurt by weaker consumption and business investment, government figures showed. The Cabinet Office said Japan&#8217;s economy contracted by a revised 1.3%, compared with a preliminary report of 1.1%. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-297200","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Japan economy worse than forecast - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Japan economy worse than forecast - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"9 March 2011 Last updated at 20:31 ET Japan&#039;s economy contracted more quickly than first forecast in the final three months of 2010, hurt by weaker consumption and business investment, government figures showed. The Cabinet Office said Japan&#039;s economy contracted by a revised 1.3%, compared with a preliminary report of 1.1%.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Japan economy worse than forecast\",\"datePublished\":\"2011-03-10T01:31:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/\"},\"wordCount\":187,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/\",\"name\":\"Japan economy worse than forecast - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-03-10T01:31:59+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Japan economy worse than forecast - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/10\/japan-economy-worse-than-forecast\/","twitter_card":"summary_large_image","twitter_title":"Japan economy worse than forecast - Ghanamma.com","twitter_description":"9 March 2011 Last updated at 20:31 ET Japan's economy contracted more quickly than first forecast in the final three months of 2010, hurt by weaker consumption and business investment, government figures showed. 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