Thursday, May 17, 2007

Japan economy slows down

Japan economic growth slows to 2.4 pct. (AP)

The main street of Tokyo's Ginza shopping district is reflected on a store window Thursday, May 17, 2007. Japanese economic growth slowed to 2.4 percent in the latest quarter, easing pressure on any immediate interest rate hike while still chalking a ninth-straight quarter of expansion for the world's second-largest economy. (AP Photo/Katsumi Kasahara)AP - Japanese economic growth slowed to a 2.4 percent pace in the first quarter as businesses cut back on investment amid worries about a slowdown in the United States, Japan's biggest export market. But economists agreed that Japan's overall growth was still healthy and seemed to be stabilizing.


No comments: