Japan says its economy likely to mark first positive output gap in 7 years

Quick Summary:

TOKYO : Japan's government said on Thursday it predicts economic output will recover to full capacity in the next fiscal year for the first time in seven years on an annual basis due to a tight labour market.

It is among data the Bank of Japan watches closely in determining whether the economy is expanding strongly enough to propel a demand-driven rise in inflation.

FILE PHOTO: A worker at Sakai Seisakusyo prepares to transport metal rods at its factory in Kakamigahara, central Japan, July 8, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Year Full Cent Fiscal Cabinet Economy 2024 Office Labour Japan Output

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 09:08:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 289 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24666508

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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