Inflation Makes Japan Economic Expansion Hard to Feel
Tokyo, Sept. 17 (Jiji Press)--The ongoing economic expansion in Japan has lasted 74 months through July based on recent preliminary government statistics, highly likely surpassing the "Izanami" boom from February 2002 to February 2008, the longest period of growth since the end of World War II. During the current expansionary phase, the country's nominal gross domestic product increased ami...
Japan's economic expansion, lasting 74 months through July, may have surpassed the Izanami boom from 2002 to 2008, marking the longest period of growth since World War II. Despite nominal GDP growth and record corporate profits fueled by a depreciating yen, inflation has made it tough for households to sense the economic surge. Inflation-adjusted real wages have remained stagnant, dampening the apparent prosperity.
According to government data released on September 7, the index of coincident economic indicators has continued to improve. Whether this expansionary phase will be confirmed as the longest since the war will be determined by an expert panel within the government agency responsible for identifying economic peaks and troughs.
Written by urgent.news from Nippon.com News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Inflation Makes Japan Economic Expansion Hard to Feel japannews.yomiuri.co.jp
