R&D from Prepd: The Japanese Economy

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This R&D provides resources on the Japanese economy.  The Japanese government issued revised economic figures last week and revealed that the economy actually grew at a pace of 1% instead of a previously announced 0.8% contraction in economic activity.  The revision was due to more consumer spending and business investment, but economists warn that the nation’s demographics and too many Japanese firms are unwilling to invest profits in the economy. Prime Minister Shinzo Abe is hoping that the economy recovers to bolster the Liberal Democratic Party’s (LDP) fortunes in Upper House elections that are due next year.

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