Japan39s

Japan's economy recovers strongly thanks to consumption boost

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Japan's economy grew by 3.1 percent on an annual basis in the second quarter, which was much faster than expected. Thanks to a strong increase in consumption, it has recovered from a slump at the beginning of the year and is thus prepared for another short-term interest rate hike. The Bank of Japan had forecast … Read more

Japan's Prime Minister cancels trip after earthquake warning

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Japan's prime minister has cancelled plans to travel to Central Asia and will instead take precautionary measures following an unprecedented warning that the risk of a major earthquake on the Pacific coast was higher than usual. The Japanese Meteorological Agency issued its first warning of a major earthquake on the country's Pacific coast on Thursday, … Read more