Third consecutive quarter of growth for Japanese economy
Japan’s latest GDP figures reveal that its economy grew for the third consecutive quarter in April-to June.
Monday’s Cabinet Office report stated that the economy grew at an annualized rate real 2.2 percent over the previous quarter.
The main reason for the growth is a recovery in consumer spending, which accounts more than half of Japan’s gross domestic product.
After the March COVID-19 quasi emergencies were lifted in all 50 states, consumer spending in service industries like restaurants and travel increased.
Aug 15 (ANNnewsCH) – 内閣府が発表した4月から6月のGDP＝国内総生産の実質成長率は3期連続のプラス成長となりました。 …continue reading
In Japan, coffee chains used nearly 370 million disposable cups in 2020
Japan Today – August 14
A recent survey by an environmental conservation organization found that Japan’s nine major coffee chains used an estimated 369.65 Million disposable cups to serve coffee drinks. This shows the limitations of efforts to promote reusable cups and reduce waste.
Tokio Marine to offer insurance policies through Amazon
Nikkei – Aug 13
Tokio Marine & Nichido Fire Insurance will sell insurance on Amazon Japan’s website, starting Aug. 22, as it looks to take advantage the platform’s massive digital sales channel to reach younger buyers, Nikkei has learned.
Japanese automakers could really hurt Japan’s economy
BestInTESLA Aug 13
Japan could be hurt if it resists the switch to EVS. Japan has lost some major export industries to South Korea, China, such as semiconductors and home appliances. However, it appears that they could lose the automotive industry due to the stubbornness of Toyota (and other companies) who oppose the transition to EVS.
Japan: Prices rise for over 10,000 food products on weak yen
Kyodo – Aug 12
According to a survey done by a credit research firm, food prices in Japan will continue to rise in the second half of 2022. More than 10,000 items are expected to increase in price starting in August as a result of higher import costs.
Japan’s national debt reaches 10m yen per person for the first time
Nikkei – Aug 11
Data released Wednesday shows that Japan’s per capita debt exceeded 10,000,000 yen, or approximately $75,000, for first time at June’s end. Tokyo spent money on fighting inflation and the coronavirus pandemic.
Japanese company tests seaplane drone in fish spotting
seafoodsource.com – August 11
Japanese company has created an autonomous, unmanned drone that could be used for surveillance of infrastructure, searching for missing swimmers, or vessels, and spotting schools of fish.
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