Economic Growth in Japan Lower During Second Quarter

Economic Growth in Japan Lower During Second Quarter

Japan reported lower economic growth during the second quarter of 2012 ending June. Japanese economy registered 0.3 per cent growth compared to 1.3 per cent during the first quarter of 2012.

Kyodo News reported that the economy of Japan has witnessed rise for consecutive four quarters. Japanese Yen has also strengthened against USD and Euro.

Japanese government is taking steps to check the rise in valuation of Yen as the exporters will face higher competition with rising Japanese currency. The government has planned to extend dollar credit facility for companies planning to invest in production facilities abroad.

The world’s third largest economy is dependent mainly on exports. Japan’s GDP growth has been hit due to Eurozone crisis and lower demand for products in European markets.


FrenchTribune Specials

Drone Technology Used to Unearth New Mexico’s Ancient Village Site

A customized and inexpensive drone helped archaeologists to unearth the site of an ancient village in New Mexico.

Jesse Casana, an archaeologist at the University of Arkansas with University of North Florida professor John Kantner tested the drone capability in a remote area of north-western New Mexico, south of Chaco Canyon.

...

Most Popular

Laser Beams Could Cause Changes in Weather

Researchers may have found a way to cause changes in...

Meteor Explosion Lights Up In Russia

A meteor explosion lit the Russian night sky during the...

Novel Technique Confirms Age of 1,20,000-Year-Old Antarctic Ice Sample

A new technique has helped researchers to successfully...

Michigan Boy Discovers 10,000-Year-Old Mastodon Tooth

A little boy from Michigan has discovered a 10,000 -year...

Poll

Can Greece Come out of Economic Problems: