newsinsightplus.com 1.Hopes2024I March 11, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceJapan avoids technical recession as economic growth figures revisedPublished6 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Despite avoiding recession Japan still faces economic uncertaintyBy Peter HoskinsBusiness reporterJapan has avoided falling into a technical recession after its official economic growth figures were revised.The revised data shows gross domestic product (GDP) was 0.4% higher in the last three months of 2023 compared to a year earlier.Provisional figures released last month indicated the second consecutive quarter of economic contraction.Two quarters in a row of an economy shrinking is typically considered the definition of a technical recession.But the revised figures still came below expectations, as some economists had forecast an upward revision to fourth quarter GDP of around 1%.Hopes that the country had skirted a recession were boosted last week when figures from the Ministry of Finance showed a sharp rise in the amount companies invested in their businesses.However, the figures from Japan’s Cabinet Office on Monday showed private consumption, which makes up about 60% of the economy, fell by 0.3% for the period.Japan’s uneven economic performance may see another contraction in the current quarter due to the impact of issues including a slowdown of neighbouring China’s economy and a suspension of production at car maker Daihatsu.The upward revision to the fourth quarter GDP came as expectations are growing that the country’s central bank could soon raise interest rates.The Bank of Japan has held rates at -0.1% since it cut borrowing costs below zero in 2016 as it tried to boost spending and investment.Negative rates make the yen less attractive to global investors, which has pushed down the currency’s value.Japan’s main stock market index, the Nikkei 225, was around 2.5% lower on Monday morning.More on this storyJapan unexpectedly slips into a recessionPublished15 FebruaryTop StoriesKate says she edited Mother’s Day photoPublished16 minutes agoLive. Oscars 2024: Oppenheimer sweeps awards with best picture and actor winsThe outfits: Best actress Emma Stone and others show off classic stylesPublished9 hours agoFeaturesSeven of the best moments from the OscarsBarbie, Oppenheimer & a wardrobe mishap? The Oscars in 60 seconds. VideoBarbie, Oppenheimer & a wardrobe mishap? The Oscars in 60 secondsThe full list of winners at the Oscars 2024’I was tricked into buying a holiday caravan as a full time home’My abusive ex-boyfriend was given a verbal warningIs Europe doing enough to help Ukraine?Geoff Norcott: Should my son bother going to uni?Listen: Oscars Newscast Special. AudioListen: Oscars Newscast SpecialAttributionSounds’HMRC gave me £49,000 relief, but wants it back’Elsewhere on the BBCPractical, passionate and hilarious conversationsJoanna Lumley and Roger Allam return with their award-winning comedy playing a long-married coupleAttributionSounds’I will lie on my deathbed wishing I’d done more’Former spin doctor Alastair Campbell on what he’s learned from his life so farAttributionSoundsHow accurate are fitness trackers?Greg Foot gets sweaty in the name of science to find out!AttributionSoundsFrom iron age roundhouses to Victorian mansions…Rachel Hurdley uncovers what walls tell us about how we liveAttributionSoundsMost Read1Kate says she edited Mother’s Day photo2Ex-Tory MP Lee Anderson defects to Reform3Palace faces questions over Kate image4Seven of the best moments from the Oscars5Buyers mis-sold caravans as full-time homes6Oscars red carpet fashion: Stars turn on the style7Vinyl and air fryers added to inflation measure8Kate picture heats up rumours instead of quelling public curiosity9Brianna’s mother meets mum of daughter’s killer10Haiti spirals to collapse as gangs tighten grip [ad_1] Data released last month indicated the country’s economy had shrunk for a second quarter in a row. Continue reading
newsinsightplus.com 1.Hopes2024I March 11, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceJapan avoids technical recession as economic growth figures revisedPublished6 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Despite avoiding recession Japan still faces economic uncertaintyBy Peter HoskinsBusiness reporterJapan has avoided falling into a technical recession after its official economic growth figures were revised.The revised data shows gross domestic product (GDP) was 0.4% higher in the last three months of 2023 compared to a year earlier.Provisional figures released last month indicated the second consecutive quarter of economic contraction.Two quarters in a row of an economy shrinking is typically considered the definition of a technical recession.But the revised figures still came below expectations, as some economists had forecast an upward revision to fourth quarter GDP of around 1%.Hopes that the country had skirted a recession were boosted last week when figures from the Ministry of Finance showed a sharp rise in the amount companies invested in their businesses.However, the figures from Japan’s Cabinet Office on Monday showed private consumption, which makes up about 60% of the economy, fell by 0.3% for the period.Japan’s uneven economic performance may see another contraction in the current quarter due to the impact of issues including a slowdown of neighbouring China’s economy and a suspension of production at car maker Daihatsu.The upward revision to the fourth quarter GDP came as expectations are growing that the country’s central bank could soon raise interest rates.The Bank of Japan has held rates at -0.1% since it cut borrowing costs below zero in 2016 as it tried to boost spending and investment.Negative rates make the yen less attractive to global investors, which has pushed down the currency’s value.Japan’s main stock market index, the Nikkei 225, was around 2.5% lower on Monday morning.More on this storyJapan unexpectedly slips into a recessionPublished15 FebruaryTop StoriesKate says she edited Mother’s Day photoPublished16 minutes agoLive. Oscars 2024: Oppenheimer sweeps awards with best picture and actor winsThe outfits: Best actress Emma Stone and others show off classic stylesPublished9 hours agoFeaturesSeven of the best moments from the OscarsBarbie, Oppenheimer & a wardrobe mishap? The Oscars in 60 seconds. VideoBarbie, Oppenheimer & a wardrobe mishap? The Oscars in 60 secondsThe full list of winners at the Oscars 2024’I was tricked into buying a holiday caravan as a full time home’My abusive ex-boyfriend was given a verbal warningIs Europe doing enough to help Ukraine?Geoff Norcott: Should my son bother going to uni?Listen: Oscars Newscast Special. AudioListen: Oscars Newscast SpecialAttributionSounds’HMRC gave me £49,000 relief, but wants it back’Elsewhere on the BBCPractical, passionate and hilarious conversationsJoanna Lumley and Roger Allam return with their award-winning comedy playing a long-married coupleAttributionSounds’I will lie on my deathbed wishing I’d done more’Former spin doctor Alastair Campbell on what he’s learned from his life so farAttributionSoundsHow accurate are fitness trackers?Greg Foot gets sweaty in the name of science to find out!AttributionSoundsFrom iron age roundhouses to Victorian mansions…Rachel Hurdley uncovers what walls tell us about how we liveAttributionSoundsMost Read1Kate says she edited Mother’s Day photo2Ex-Tory MP Lee Anderson defects to Reform3Palace faces questions over Kate image4Seven of the best moments from the Oscars5Buyers mis-sold caravans as full-time homes6Oscars red carpet fashion: Stars turn on the style7Vinyl and air fryers added to inflation measure8Kate picture heats up rumours instead of quelling public curiosity9Brianna’s mother meets mum of daughter’s killer10Haiti spirals to collapse as gangs tighten grip [ad_1] Data released last month indicated the country’s economy had shrunk for a second quarter in a row. Continue reading
newsinsightplus.com 11s1980.Economist February 15, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceJapan unexpectedly slips into a recessionPublished12 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, EPA-EFE/REX/ShutterstockBy Mariko OiBusiness reporterJapan has unexpectedly fallen into a recession after its economy shrank for two quarters in a row.The country’s gross domestic product (GDP) contracted by a worse-than-expected 0.4% in the last three months of 2023, compared to a year earlier.It came after the economy shrank by 3.3% in the previous quarter.The figures from Japan’s Cabinet Office also indicate that the country may have also lost its position as the world’s third-largest economy to Germany.Economists had expected the new data to show that Japan’s GDP grew by more than 1% in the fourth quarter of last year.The latest figures were the first reading of Japan’s economy growth for the period and could still be revised.In October, the International Monetary Fund (IMF) forecast that Germany was likely to overtake Japan as the world’s third-largest economy when measured in US dollars.The IMF will only declare a change in its rankings once both countries have published the final versions of their economic growth figures. It began publishing data comparing economies in 1980.Economist Neil Newman told the BBC that the latest figures show that Japan’s economy was worth about $4.2tn (£3.3tn) in 2023, while Germany’s was $4.4tn.This was due to the weakness of the Japanese currency against the dollar and that if the yen recovers, the country could regain the number three spot, Mr Newman added.At a press conference in Tokyo this month, the IMF’s deputy head, Gita Gopinath, also said an important reason for Japan potentially slipping in the rankings was the yen falling by about 9% against the US dollar last year.However, the weakness of the yen has helped to boost the share prices of some of Japan’s biggest companies as it makes the country’s exports, such as cars, cheaper in overseas markets.This week, Tokyo’s main stock index, the Nikkei 225, crossed the 38,000 mark for the first time since 1990, when a collapse in property prices triggered an economic crisis. The Nikkei 225’s record high of 38,915.87 was set on 29 December 1989.The latest GDP data may also mean that the country’s central bank may further delay a much-anticipated decision to raise the cost of borrowing.The Bank of Japan introduced a negative interest rate in 2016 as it tried to boost spending and investment.Negative rates make the yen less attractive to global investors, which has pushed down the currency’s value.More on this storyJapan economy gets major boost from weak currencyPublished15 August 2023What is happening to the Japanese yen?Published28 October 2022Can the next Bank of Japan boss fix its economy?Published14 February 2023Top StoriesIsrael launches deadly air strikes in LebanonPublished3 hours agoOne dead and 21 injured in Super Bowl parade shootingPublished1 hour agoUkraine claims sinking of Russian ship off CrimeaPublished9 hours agoFeaturesThe Papers: ‘Worst antisemitism for 40 years’ and ‘NHS nurses crisis’Denise Welch: I’ve had to come to terms with my pastFace to face with inmates in El Salvador’s mega-jailSwatting call an ‘assassination attempt’ – politicianFrench migration row engulfs island in Indian OceanFuture data centres may have built-in nuclear reactorsMoment Russian ship struck by Ukrainian drones. VideoMoment Russian ship struck by Ukrainian dronesFull cemeteries and empty homes: Ukrainians struggle two years after invasionTough week tests Starmer’s leadershipElsewhere on the BBCExperience Apollo 11’s adventure first-hand!Discover the awe-inspiring journey of Apollo 11 and its crew with newly released cockpit audioAttributioniPlayerWhat holds us back from exercising as we age?James Gallagher explores the mental and physical barriers that may stop usAttributionSoundsOne of the most densely populated places on earthUncover the hidden systems and armies of people running Hong KongAttributioniPlayerThe surprising health benefits of sleeping moreCould going to sleep one hour earlier dramatically improve your mood and health?AttributionSoundsMost Read1One dead and 21 injured in Super Bowl parade shooting2’Worst antisemitism for 40 years’ and ‘NHS nurses crisis’3Nightclub boss blames lack of students for closures4Top Republican warns of new national security threat5Man poisoned couple and rewrote will – court told6Children of US mum arrested in London were shot7Israel launches deadly air strikes in Lebanon8X took payment from terrorists, campaigners say9UK antisemitic hate crimes hit new high – report10Ukraine claims sinking of Russian ship off Crimea [ad_1] The figures also indicate that Japan has also lost its position as the world’s third-largest economy. Continue reading
newsinsightplus.com 11s1980.Economist February 15, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceJapan unexpectedly slips into a recessionPublished12 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, EPA-EFE/REX/ShutterstockBy Mariko OiBusiness reporterJapan has unexpectedly fallen into a recession after its economy shrank for two quarters in a row.The country’s gross domestic product (GDP) contracted by a worse-than-expected 0.4% in the last three months of 2023, compared to a year earlier.It came after the economy shrank by 3.3% in the previous quarter.The figures from Japan’s Cabinet Office also indicate that the country may have also lost its position as the world’s third-largest economy to Germany.Economists had expected the new data to show that Japan’s GDP grew by more than 1% in the fourth quarter of last year.The latest figures were the first reading of Japan’s economy growth for the period and could still be revised.In October, the International Monetary Fund (IMF) forecast that Germany was likely to overtake Japan as the world’s third-largest economy when measured in US dollars.The IMF will only declare a change in its rankings once both countries have published the final versions of their economic growth figures. It began publishing data comparing economies in 1980.Economist Neil Newman told the BBC that the latest figures show that Japan’s economy was worth about $4.2tn (£3.3tn) in 2023, while Germany’s was $4.4tn.This was due to the weakness of the Japanese currency against the dollar and that if the yen recovers, the country could regain the number three spot, Mr Newman added.At a press conference in Tokyo this month, the IMF’s deputy head, Gita Gopinath, also said an important reason for Japan potentially slipping in the rankings was the yen falling by about 9% against the US dollar last year.However, the weakness of the yen has helped to boost the share prices of some of Japan’s biggest companies as it makes the country’s exports, such as cars, cheaper in overseas markets.This week, Tokyo’s main stock index, the Nikkei 225, crossed the 38,000 mark for the first time since 1990, when a collapse in property prices triggered an economic crisis. The Nikkei 225’s record high of 38,915.87 was set on 29 December 1989.The latest GDP data may also mean that the country’s central bank may further delay a much-anticipated decision to raise the cost of borrowing.The Bank of Japan introduced a negative interest rate in 2016 as it tried to boost spending and investment.Negative rates make the yen less attractive to global investors, which has pushed down the currency’s value.More on this storyJapan economy gets major boost from weak currencyPublished15 August 2023What is happening to the Japanese yen?Published28 October 2022Can the next Bank of Japan boss fix its economy?Published14 February 2023Top StoriesIsrael launches deadly air strikes in LebanonPublished3 hours agoOne dead and 21 injured in Super Bowl parade shootingPublished1 hour agoUkraine claims sinking of Russian ship off CrimeaPublished9 hours agoFeaturesThe Papers: ‘Worst antisemitism for 40 years’ and ‘NHS nurses crisis’Denise Welch: I’ve had to come to terms with my pastFace to face with inmates in El Salvador’s mega-jailSwatting call an ‘assassination attempt’ – politicianFrench migration row engulfs island in Indian OceanFuture data centres may have built-in nuclear reactorsMoment Russian ship struck by Ukrainian drones. VideoMoment Russian ship struck by Ukrainian dronesFull cemeteries and empty homes: Ukrainians struggle two years after invasionTough week tests Starmer’s leadershipElsewhere on the BBCExperience Apollo 11’s adventure first-hand!Discover the awe-inspiring journey of Apollo 11 and its crew with newly released cockpit audioAttributioniPlayerWhat holds us back from exercising as we age?James Gallagher explores the mental and physical barriers that may stop usAttributionSoundsOne of the most densely populated places on earthUncover the hidden systems and armies of people running Hong KongAttributioniPlayerThe surprising health benefits of sleeping moreCould going to sleep one hour earlier dramatically improve your mood and health?AttributionSoundsMost Read1One dead and 21 injured in Super Bowl parade shooting2’Worst antisemitism for 40 years’ and ‘NHS nurses crisis’3Nightclub boss blames lack of students for closures4Top Republican warns of new national security threat5Man poisoned couple and rewrote will – court told6Children of US mum arrested in London were shot7Israel launches deadly air strikes in Lebanon8X took payment from terrorists, campaigners say9UK antisemitic hate crimes hit new high – report10Ukraine claims sinking of Russian ship off Crimea [ad_1] The figures also indicate that Japan has also lost its position as the world’s third-largest economy. Continue reading