Japan’s economic rebound likely dwindled in fourth quarter

08.02.2021 - Korneychuk Evgeniya
Japan’s economic rebound likely dwindled in fourth quarter

According to a Reuters survey, Japan’s economic emergence from the coronavirus drag might have stalled in the fourth quarter. The prediction was rendered even after the country staged a brisk recovery from its sharpest recession earlier in 2020, indicating that households and companies were still grappling with the pandemic.

With upbeat exports minimizing some of the weakness seen in consumption, analysts surveyed by Reuters expect that the economy recorded a 2.3% quarter-on-quarter expansion from October to December. However, the forecast came lower than the 5.3% jump monitored in the third quarter.

The government’s call to implement a state of emergency in January has caused more damage to consumption. This also brought in fears that the country will face another economic slump, with the central bank forecasting a 5.6% contraction by the end of the first quarter. 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?