US economy

Japan finmin Aso: first-quarter GDP not bad, economic fundamentals remain solid


© Reuters. FILE PHOTO: Japanese Finance Minister Taro Aso delivers a speech during a high-level forum on debt at the Finance Ministry in Paris

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday that gross domestic product growth in the first quarter was not bad and that the country’s economic fundamentals remained solid.

Speaking to reporters, Aso said corporate earnings remained at a high level and the labour market was still strong.

Aso also said that a slowdown in China’s economy caused a decline in Japan’s exports, and that there may be signs some Japanese manufacturers are delaying capital expenditure.

On Monday, data showed Japan’s economy unexpectedly expanded in the first quarter, confounding expectations that GDP would contract.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.