Japan's gross domestic product for the April-June quarter declined 1.2 percent on an annual basis, the government said Monday as it revised downward a preliminary estimate of 0.5 percent growth for the quarter. The adjustment marks the first contraction in growth for three quarters.
Japanese Prime Minister Shinzo Abe has picked veteran lawmakers for key posts in a new cabinet line-up to be unveiled on Monday, media said, to try to revive faltering support after a massive election defeat.
TOKYO -(Dow Jones)- Japanese economic policy shouldn't be based on the assumption that long-term interest rates will stay below nominal gross domestic product growth for long, Economy Minister Kaoru Yosano said Friday.
TOKYO -(Dow Jones)- Japanese economy and banking minister Kaoru Yosano said Friday that gross domestic product data for the July-September quarter out in the morning back up the government view that the economy is recovering gradually.