Japanese economy contracted for the first time in nine quarters

Koichi Kamoshida  Getty Images Koichi Kamoshida  Getty Images

Koichi Kamoshida Getty Images Koichi Kamoshida Getty Images

People walk past an electronic board showing exchange rate between Japanese Yen and U.S. Dollar outside a brokerage at a business district in Tokyo, Japan, March 23, 2018.

Japan will on Wednesday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

Expectations were for an annualised contraction of 0.2%.

The limp first-quarter performance was spread across different areas of the economy, according to Marcel Thieliant, senior Japan economist at research firm Capital Economics.

Australia will provide Q1 data for wage prices, which are expected to hold steady at 0.6% on quarter and 2.1% on year. However, there are concerns that trade friction with the USA could affect demand for exports.

France vows pushback against U.S. sanctions on Iran
In this case, the US chose to also impose "secondary sanctions", which also apply to non-Americans and non-U.S. companies. But senior Iranian official Ali Akbar Velayati said in Tehran that Iran's defensive missile programme was not negotiable.

Man United made £400k more than City
Mohamed Salah of Liverpool pose for a photo with his Premier League Golden Boot award. "I think we played fantastic football". Hoedt had another chance in the 25th minute but dragged wide at the far post following Tadic's latest set-piece delivery.

Iran Giving Diplomacy Second Chance: FM Zarif
They expect West Texas Intermediate, the most commonly cited United States contract, to trade $6 below the price of Brent in 2019. His remarks drew chants of "Death to America!" from those gathered for Friday prayers in Tehran.

"The economy maintains momentum towards recovery but exports are slowing as global growth seems to have peaked in the fourth quarter", said Ryutaro Kono, chief economist at BNP Paribas Securities.

Japan's economy contracted at an annualized rate of 0.6%, marking the end of eight consecutive quarters of economic expansion.

As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average dropped 47.21 points, or 0.21 percent, from Tuesday to 22,770.81.

Consumer spending fell marginally, registering a decline of less than one percentage point in the first quarter.

Maruyama of SMBC Nikko Securities.

Recommended News

  • Revenue Approximations Analysis: Tesla, Inc. (TSLA), Southwest Airlines Co. (LUV)

    Revenue Approximations Analysis: Tesla, Inc. (TSLA), Southwest Airlines Co. (LUV)

    The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow , and price to earnings. The Dow Jones industrial average rose 150 points, with UnitedHealth and Walmart as the best-performing stocks in the index.
    Al Horford's Sister Tweets NSFW Message For JR Smith

    Al Horford's Sister Tweets NSFW Message For JR Smith

    The play caused a scuffle between the two teams, with Smart getting in the face of Smith before the officials broke them apart. Smith pushed Al Horford while he was up in the air as he was going for a dunk.
    RECALL ALERT: 1 million chainsaws due to injury hazard

    RECALL ALERT: 1 million chainsaws due to injury hazard

    Consumers are encouraged to immediately stop using the saws and return them to a Harbor Freight store for a free replacement. Over one million chainsaws are under recall due to a power switch malfunction.
  • Scientists Claim Multiverse May Sustain Life

    Scientists Claim Multiverse May Sustain Life

    But given the levels of dark energy in our Universe, there is likely a natural law we have yet to discover. But the formation of galaxies and other universes is not limited to that.
    Windrush: Sixty-three people may have been wrongly removed

    Windrush: Sixty-three people may have been wrongly removed

    Mr Javid told the committee: "I've asked officials to be absolutely certain and thorough and check over every record and make sure".
    Nikki Bella is 'speechless' following John Cena's candid Today show interview

    Nikki Bella is 'speechless' following John Cena's candid Today show interview

    " I still love Nicole, I still would love to marry Nicole, I still would love to have a family with Nicole ", he said. I think there is hope". "I just want us both to live the rest of our lives happy", the Total Bellas star continued.
  • Cavs aiming to be better in Game 2 vs. Celtics

    Cavs aiming to be better in Game 2 vs. Celtics

    After surviving the testy Milwaukee Bucks in seven games they quickly dispatched the much-hyped Philadelphia 76ers in five. The Boston crowd will be electric, and the Celtics will put up another great performance to take a 2-0 series lead.
    Rare two-headed deer found in forest

    Rare two-headed deer found in forest

    The two-headed deer found in Minnesota is an extremely rare specimen not only among its species but also among other species. Nestled dead in the underbrush was what looked like a single newborn baby fawn , carrying two heads on one body.

    Has $2.06 Million Stake in Kohl's (NYSE:KSS)

    The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Finally, Sawtooth Solutions LLC bought a new position in shares of Kohl's in the fourth quarter worth approximately $1,102,000.
  • Caged tiger entertainment at Florida high school prom night prompts outrage

    Caged tiger entertainment at Florida high school prom night prompts outrage

    A Florida high school principal said he regrets using live animals including a caged tiger as part of a jungle-themed prom. But it was the tiger's presence in particular that sparked an outrage.
    ABC says

    ABC says "Roseanne" will concentrate on family, not politics

    I think they were expressing the point of view of the Connors, and what they would have actually said. It's a familiarity and comfort with the culture of objectifying and demeaning people of color".
    White House sheds cyber coordinator role

    White House sheds cyber coordinator role

    It is now listed as the No. 1 threat in the annual assessment that the director of national intelligence sends to Congress. The news comes just days after the Department of Defense elevated the role of U.S.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.