‘Q2 GDP hit by bad weather, mini vehicle tax hike’ – Japan’s EcoMin Amari

FXStreet (Mumbai) – Following the release of dismal Japan’s Q2 GDP data, Japan’s Economics Minister Akira Amari put on a brave face and blamed the contraction on temporary factors like bad weather that kept consumers at home.

Key Quotes:

“Income conditions continue to improve as a trend so private consumption is expected to recover gradually,”

“Q2 GDP hit by bad weather, mini vehicle tax hike”

“Q2 GDP hit by fall in exports to Asia, U.S.“

Following the release of dismal Japan’s Q2 GDP data, Japan’s Economics Minister Akira Amari put on a brave face and blamed the contraction on temporary factors like bad weather that kept consumers at home.

(Market News Provided by FXstreet)