Japans GDP growth for third quarter weaker than forecasted
The Dollar Business Bureau Japan’s GDP grew at just 0.3% during the third quarter, said the data released by the Japanese government, as the world's third largest economy witnessed an insufficient corporate spending and dwindling exports growth. The latest growth figures were lower than an earlier estimated growth rate of 0.5% during the July-September period. The weak GDP growth translates into an annual growth rate of 1.3%, falling way behind the market forecast of 2.3% expansion during the current year. There have been mixed sentiments in the market and among the economists, who said that although the country has been registering meager growth rate, the future prospects look better in the backdrop of a slow but steady recovery. They felt that although the economy is ...
Japans PM meets Trump to strengthen bond of trust
The Dollar Business Bureau US President-elect Donald Trump and the Prime Minister of Japan Shinzo Abe had a candid discussion on the lines of their in-person meting which has been termed as casual briefing between the two leaders to strengthen the bond of trust. The details of the meeting have not been revealed due to its informal nature as Trump is yet to assume presidency yet. But Abe did highlight the fact that Japan will be able to maintain a “relationship of trust” after Trump becomes the President of the United States. It was the first in-person meeting of Trump with a foreign leader after winning the US Presidential elections last week. Trump has always been of the view that Japan should bear more ...
GMR Infra signs pact with Japanese firm to develop food park in Andhra Pradesh
The Dollar Business Bureau Kakinada SEZ Pvt. Ltd. (KSEZ), a subsidiary of GMR Infrastructure Ltd. has signed an agreement with Japanese construction major JGC Corporation (JGC) to jointly develop an export-oriented food processing park at Kakinada SEZ. As part of the agreement, GMR and JGC will jointly undertake a detailed study to develop and operate the food processing park which will cater to various food and agro processing sectors like sea food, fruits and vegetables, pulses and grains, dairy products, spices and nuts. “The significant traction built by the governments of India and Japan and the recent discussions between the Chief Minister of Andhra Pradesh and the Ministry of Economy Trade & Industry (METI), Govt. of Japan have persuaded Japanese industry ...
