{"id":33694,"date":"2020-09-08T11:06:41","date_gmt":"2020-09-08T07:06:41","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33694"},"modified":"2020-09-08T11:06:43","modified_gmt":"2020-09-08T07:06:43","slug":"japans-economy-contracted-for-the-third-consecutive-quarter","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/japans-economy-contracted-for-the-third-consecutive-quarter\/09\/08\/economic-reports\/","title":{"rendered":"Japan\u2019s Economy Contracted For The Third Consecutive Quarter"},"content":{"rendered":"\n<p>Japan\u2019s economy contracted during Q2 of this year at a record annual rate of 28.1%, after adjusting from a preliminary figure of 27.8% that was estimated last month. The reading came in line with analysts&#8217; expectations for a 28.4% contraction.<\/p>\n\n\n\n<p>This represents the third consecutive quarterly contraction, the largest decline since 1980, as the economy was hit hard by the Corona pandemic and the consumption tax hike last year.<\/p>\n\n\n\n<p>Consumer spending decreased during Q2 by 7.9% on a quarterly basis, exports of goods and services in Japan decreased by 18.5%, and imports fell 0.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s economy contracted during Q2 of this year at a record annual rate of 28.1%, after adjusting from a preliminary figure of 27.8% that was estimated last month. The reading came in line with analysts&#8217; expectations for a 28.4% contraction. This represents the third consecutive quarterly contraction, the largest decline since 1980, as the economy &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[49],"tags":[6939],"class_list":["post-33694","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economic-reports","tag-japan"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33694"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33694\/revisions"}],"predecessor-version":[{"id":33695,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33694\/revisions\/33695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}