Japan's economy shrinks after sales tax rise
Tokyo (AFP) Aug 13, 2014 - Japan's economy suffered its biggest quarterly contraction since the 2011 quake and tsunami as a sales tax rise slammed the brakes on growth, data showed Wednesday, throwing into question plans for another increase next year. The 1.7 percent dip in gross domestic product for the second quarter - or a 6.8 percent contraction at an annualised rate - gave the clearest picture yet of the impa ... more
No comments:
Post a Comment