Japanese economy slows to a near-halt as trade tensions pile

Japanese economy slows to a near-halt as trade tensions pile

Japan s economy slowed to a near-halt in the third quarter. This was due to the continous fall of exports amid trade tensions whilst a shopping splurge before a sales tax increase ran down stockpiles of goods.

Prime Minister Shinzo Abe has been mulling over the size of an economic stimulus package to shield Japan s economy from the global recession and the tax impact hike.

Abe ordered the stimulus measures last week after Japan s economy showed signs of losing momentum. The hit from soft global demand within the U.S.-China trade war, the tensions with Korea, and natural disasters such as Typhoon Hagibis factored in putting growth in a vulnerable spot.

https://maxitrade.com/en/japanese-economy-slows-to-a-near-halt-as-trade-tensions-pile