The chief secretary of the Japan Cabinet, Yoshimosa Hayashi, said Monday that “Japan faces significant challenges if their companies become objectives in the midst of the policies of the US president, Donald Trump; the government will carefully respond to the possible impacts. “
Outstanding statements
Exports, particularly in services, demonstrated growth, counteracting the fall in domestic demand, while the value of the year increased a 2.9% year -on -year, exceeding 609.3 billion yen for the first time.
The domestic demand showed positive trends during the last three quarters and one third, despite the fact that personal consumption experienced a negative growth due to the reduction of storage needs related to disasters and the decrease in the demand for drinks.
The domestic demand is increasing, mainly driven by equipment investment, despite the impact of a collapse of the stock market and pauses on production and delivery by some car manufacturers.
Looking ahead, it is expected that continuous improvement in employment and income supports economic recovery.
Market reaction
At the time of publication, the USD/JPY is falling even more around 151.50, losing 0.39% in the day, undermined by the data of the Gross Domestic Product (GDP) of the fourth quarter of Japan, which were stronger than expected.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
