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‘Megaquake’ warning hits Japan’s growth
Japan’s growth slowed in the third quarter after warnings of a major earthquake hit activity, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world’s fourth-largest economy.A “megaquake” alert in August and one of the fiercest typhoons in decades resulted in gross domestic product (GDP) expanding just 0.2 percent between July …
China retail sales pick up speed, beat forecasts in October
China’s retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption.Officials have since late September unveiled a slew of measures including interest rate cuts and debt swaps intended to boost activity in the world’s …
China retail sales pick up speed, beat forecasts in October Read More »