Japan’s Economy Slows Less Than Expected

Japan’s Gross Domestic Product (GDP) grew at at annualized rate of 1.5 percent in August compared to a growth rate of 0.4 percent in July. While better than expected, growth continues to fall from the 5 percent registered during the first three months of the year.

“Make no mistake — we’re not at a point where we can be relieved,” said Masamichi Adachi, a senior economist at JPMorgan Chase & Co. in Tokyo. “Downside risks are rapidly rising with the global slowdown and strong yen.”

Source: Bloomberg

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