Japan economy

2 Stories

Japan PM Calls Snap Election Next Month

Shinzo Abe also puts off tax hike, says he'll step down if plan doesn't work

(Newser) - Japanese Prime Minister Shinzo Abe called a snap election for December and put off a sales tax hike planned for next year, vowing today to step down if his strategy to revive the ailing economy falls flat. Despite Abe's aggressive revival policies to end two decades of stagnation, the... More »

Japan's Economy Shrinks More Than Expected

Rising yen, falling international demand, led to 2.3% contraction

(Newser) - Economists were expecting the Japanese economy to contract in the last quarter of 2011, but not this badly, reports the BBC . Japan's gross domestic product shrunk 2.3% in the last three months of the year, much worse than the 1.4% economists were predicting, due to the yen... More »

2 Stories