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© (c) Copyright Thomson Reuters 2020. Click For Restrictions - https://agency.reuters.com/en/copyright.htmlJapan 1st quarter GDP unchanged at 2.2% annualized contraction
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Strangerland
Yes, but that's not Q1 in Japan, as you claimed (it's Q4).
1Q2020 was April - June.
January to March was 4Q2019.
JeffLee
True, Abe and Kuroda have been doing a fairly good job, compared to their overseas counterparts. Right now, for example, Washington is stalled as it wrangles over the public support payments, whereas in Japan, the money was quickly approved and continues to be allocated. However, I would have preferred to see better income-linked support rather than the fixed handouts.
Japan's economy could emerge quite strongly if and when a vaccine comes out.
In any case, without the monetary and fiscal stimulus from the govts and central banks, the global economy would have collapsed and we'd all be unemployed.
Samit Basu
@strangerland
It's explained in this very article, January-March.
Strangerland
The fiscal year in Japan runs April to March. Q1 in Japan is April-June.
Samit Basu
1Q2020 refers to January to March period, before Japan was hit by the full impact of the coronavirus outbreak.
2Q2020 GDP projection is -22%.
https://asia.nikkei.com/Economy/Japan-GDP-to-shrink-22-in-Q2-in-biggest-postwar-drop-forecast
drlucifer
The same office that shredded the sakura no kai papers.
Salt please.
kurisupisu
The economic contagion is following the virus...
TARA TAN KITAOKA
This cannot be correct.
Tobias J Gibson
To fair Larr Flint, you are comparing Japan's first quarter GDP (Jan to Mar) to the U.S and worlds second quarter reporting (April to June).