Japan Aso: Weak second quarter GDP due to consumption, exports
Tweet
Share
E-mail
Taro Aso, Japan's Deputy Prime Minister, attends a panel for the High-level Tax Symposium held in Chengdu in Southwestern China's Sichuan province, July 23, 2016. REUTERS/Ng Han Guan/Pool
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Monday that downbeat gross domestic product data for the second quarter was due to weak consumer spending and falling exports.
Aso told reporters after a cabinet meeting that the government had already compiled a stimulus package and it was important to push ahead with structural reforms to spur growth.
He also said the Bank of Japan's negative interest rate policy is having a positive impact by lowering the yield curve and funding costs for companies.
(Reporting by Stanley White; Editing by Chang-Ran Kim)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump hush money prosecutors seek to ask about fraud, E. Jean Carroll
- CSX beats quarterly estimates on higher intermodal, coal export volumes
- Morning Bid: Investors take breather, FX plots thicken
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
