Japan growth slows as new PM readies stimulus

Japan growth slows as new PM readies stimulus

Japan growth slows as new PM readies stimulus …C0NTINUE READING HERE >>>

Wage hikes and temporary income tax cuts were positive factors for growth in Japan.
Photo: Richard A. Brooks / AFP
Source: AFP

Japan’s growth slowed in the third quarter, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world’s fourth-largest economy.

One of the fiercest typhoons to hit Japan in decades and a government “megaquake” warning weighed on factory production and other economic activity this summer.

That dragged on gross domestic product…

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