Mexican Media Brands
Japan’s Economy Expands Again
Japan’s real gross domestic product climbed by an annualized 0.5% in October-December, according to preliminary government data.
#economics
Share
Japan’s real gross domestic product climbed by an annualized 0.5% in October-December, according to preliminary government data.
The quarterly growth rate compares with 2.2% in the previous quarter and 0.9% year-predicted by economists. But it was enough to give the economy its eighth consecutive quarterly gain, thus marking Japan’s longest period of economic expansion since the late 1980s.
Growth was driven primarily by a 0.5% increase in consumer spending, which accounts for about 60% of Japan’s economy, and rising private capital investment. Those factors narrowly offset an uptick in imports and slowdowns in the housing sector and public investment.
The government says gains in employment and wages suggest an improving environment for consumption.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.