Sunday, August 16, 2015
Japan's economy contracts as 'Abenomics' fails to deliver - Aug. 16, 2015
Japan's economy contracted in the second quarter, a result that raises questions about the ambitious stimulus plan championed by Prime Minister Shinzo Abe.
Gross domestic product fell by an annualized 1.6% in the three months ended June, Japan's Cabinet Office said Monday. The contraction was less dramatic than expected, but weak consumer spending and lackluster investment gave economists little to cheer.
Japan's economy contracts as 'Abenomics' fails to deliver - Aug. 16, 2015
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