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japan april-june economy still growing, but at slower pace


tokyo — revised government data show the japanese economy grew at a slower pace in the april-june quarter, not the surprisingly strong spurt indicated by an earlier estimate.the cabinet office said friday the gross domestic product or gdp — the total value of a nation's goods and services — grew at an annualized rate of 2.5 percent.that second preliminary reading is a dramatic adjustment from the first preliminary reading, released last month, of 4.0 percent growth.private sector investment for the quarter was lowered in the latest data from 2.4 percent to 0.5 percent.although less upbeat than the earlier numbers, data show the growth continues to hold up, shedding the doldrums of the decades of slowdown that dragged on the nation after the "bubble" economy burst in the 1990s.






weak spending takes some pizazz from japan’s growth streak


tokyo—japan’s economy grew at a slower pace than initially estimated in the first quarter, as an inventory rundown and weaker household spending took some of the shine off japan’s longest economic expansion since 2006. the nation’s gross domestic product, the broadest measure of economic activity, grew at an annualized pace of 1.0% from the...






japan economy expands at 2.2 percent annual pace in jan-mar


tokyo (ap) — japan reports that its economy grew at a faster-than-expected 2.2 percent annual pace in january-march.economists had forecast a strong expansion in the first quarter for the world’s third-largest economy, helped by a recovery in exports and consumer spending. but most estimates had not topped 2 percent.the figures released thursday are preliminary and likely to be revised.the economy grew at a 1.2 percent pace in the last quarter of 2016.most read storiesunlimited digital access. $1 for 4 weeks.recent data suggest a weakening of corporate spending on factory equipment that may pull growth lower in the current quarter.“japan’s economy is on its longest streak of expansion in more than a decade,” marcel thieliant of capital economics said in a commentary. “however we expect a s






weak spending takes some pizazz from japan’s growth streak


tokyo—japan’s economy grew at a slower pace than initially estimated in the first quarter, as an inventory rundown and weaker household spending took some of the shine off japan’s longest economic expansion since 2006. the nation’s gross domestic product, the broadest measure of economic activity, grew at an annualized pace of 1.0% from the previous three months, according to government data released thursday. the figures...






japan's economy grew 1 percent in 2016, slowed in oct-dec


tokyo — japan's economy expanded at a slightly slower than expected 1.0 percent annual pace in 2016, helped by an uptick in exports, the cabinet office reported monday.the world's third-largest economy grew 0.2 percent in the last quarter, from the previous quarter, according to preliminary data, the slowest pace for the year. quarterly growth peaked at 0.6 percent in the first quarter of 2016 and slowed from that rate.the japanese economy grew 1.2 percent in 2015. but slower growth in china sapped demand for machinery and other inputs for much of 2016. a modest recovery in the region's biggest economy helped lift exports late in the year.prime minister shinzo abe has sought to rekindle growth through lavish monetary easing meant to foster inflation and stimulate demand. but manufacturers






japan’s economy slows again - wsj


tokyo—japan’s economic growth slowed again in the final quarter of 2016 as feeble spending by consumers took the shine off a pickup in exports and business investment.the world’s third-largest economy grew 1.0% on an annualized basis in the october-december period, a slower pace than the three previous quarters.mizuho securities economist toru suehiro said the economy was dependent on exports for growth. in the latest...






japan’s economy grew 1 percent in 2016, slowed in oct-dec


tokyo (ap) — japan’s economy expanded at a slightly slower than expected 1.0 percent annual pace in 2016, helped by an uptick in exports, the cabinet office reported monday.the world’s third-largest economy grew 0.2 percent in the last quarter, from the previous quarter, according to preliminary data, the slowest pace for the year. quarterly growth peaked at 0.6 percent in the first quarter of 2016 and slowed from that rate.the japanese economy grew 1.2 percent in 2015. but slower growth in china sapped demand for machinery and other inputs for much of 2016. a modest recovery in the region’s biggest economy helped lift exports late in the year.prime minister shinzo abe has sought to rekindle growth through lavish monetary easing meant to foster inflation and stimulate demand. but manufactu






japan economy expands at 2.2 percent annual pace in jan-mar


tokyo — japan reports that its economy grew at a faster-than-expected 2.2 percent annual pace in january-march.economists had forecast a strong expansion in the first quarter, helped by a recovery in exports and consumer spending. but most estimates had not topped 2 percent.the figures released thursday are preliminary and likely to be revised.the economy grew at a 1.2 percent pace in the last quarter of 2016.recent data suggest a weakening of corporate spending on factory equipment that may pull growth lower in the current quarter.on a quarterly basis, the economy expanded 0.5 percent.






us services firms expanded at solid but slower pace in may


washington — u.s. services companies expanded at a slightly slower pace in may compared with the previous month, a sign that modest economic growth is likely to continue.the institute for supply management, a trade group of purchasing managers, says its services index slipped last month to 56.9 from 57.5 in april. any reading above 50 indicates expansion. sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.growth has likely picked up in the april-june quarter after a sluggish start to the year. americans are spending a bit more, which boosts services firms, such as retailers, restaurants and hotels. economists forecast growth will reach an annual pace of 3 percent, up from just 1.2 percent in the january-march quarter.






u.s. factories expand at slower pace in april


washington — american factories grew for the eighth straight month in april but at a slower pace than in march.the institute for supply management, a trade group of purchasing managers, said monday that its manufacturing index slipped to 54.8 from 57.2 in march and 57.7 in february. the april reading was weaker than economists expected and was the lowest since december’s 54.5. but it was still solid: anything above 50 signals that manufacturing is growing.bradley holcomb, chair of the ism’s manufacturing survey committee, noted that every monthly reading in 2017 has been higher than any reading in 2016. “we’re still in very, very good shape,” he said.new orders and hiring grew more slowly in april, but production and export orders sped up.sixteen of 18 manufacturing industries reported gro






us factories expand at slower pace in april


washington — american factories grew for the eighth straight month in april but at a slower pace than in march.the institute for supply management, a trade group of purchasing managers, said monday that its manufacturing index slipped to 54.8 from 57.2 in march and 57.7 in february. the april reading was weaker than economists expected and was the lowest since december's 54.5. but it was still solid: anything above 50 signals that manufacturing is growing.bradley holcomb, chair of the ism's manufacturing survey committee, noted that every monthly reading in 2017 has been higher than any reading in 2016. "we're still in very, very good shape," he said.new orders and hiring grew more slowly in april, but production and export orders sped up.sixteen of 18 manufacturing industries reported gro






us services firms expanded at solid but slower pace in may


washington (ap) — u.s. services companies expanded at a slightly slower pace in may compared with the previous month, a sign that modest economic growth is likely to continue.the institute for supply management, a trade group of purchasing managers, says its services index slipped last month to 56.9 from 57.5 in april. any reading above 50 indicates expansion. sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.growth has likely picked up in the april-june quarter after a sluggish start to the year. americans are spending a bit more, which boosts services firms, such as retailers, restaurants and hotels. economists forecast growth will reach an annual pace of 3 percent, up from just 1.2 percent in the january-march quarter.christopher s.






us services firms expand at faster pace in june


washington (ap) — u.s. service companies expanded at a faster pace last month, pushed up by slightly better sales and a pickup in new orders.the institute for supply management, a trade group of purchasing managers, says that its services index rose to 57.4 in june, from 56.9 in may. any reading above 50 indicates expansion. the report covers roughly 90 percent of the economy, from retail and hotels to accounting, government and construction.the economy appears to be picking up a bit of steam after a sluggish first quarter, when growth was just 1.4 percent at an annual rate. economists forecast the economy grew at roughly a 2.5 percent pace in the april-june quarter.a measure of hiring slipped 2 points to 55.8, though that suggests job gains were still solid.most read storiessave over 90%






japan’s economy slows again - wsj


tokyo—feeble spending by japanese consumers took the shine off a pickup in exports and investment late last year, highlighting the threat to the economic recovery here if international trade weakens under u.s. president donald trump. the world’s third-largest economy, behind the u.s. and china, grew 1.0% on an annualized basis in the october-december period, a slower pace than the three previous quarters.mizuho securities...






us services firms expanded at solid but slower pace in may


washington (ap) — u.s. services companies expanded at a slightly slower pace in may compared with the previous month, a sign that modest economic growth is likely to continue.the institute for supply management, a trade group of purchasing managers, said monday that its services index slipped last month to 56.9 from 57.5 in april. any reading above 50 indicates expansion. sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.growth has likely picked up in the april-june quarter after a sluggish start to the year. americans are spending a bit more, which boosts services firms, such as retailers, restaurants and hotels. economists forecast growth will reach an annual pace of 3 percent, up from just 1.2 percent in the january-march quarter.las






us employers add strong 222k jobs; jobless rate at 4.4 pct.


washington — u.s. employers added a robust 222,000 jobs in june, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.the labor department says the unemployment rate ticked up to 4.4 percent from 4.3 percent in may, which was a 16-year low. the rate rose because more americans began looking for work and not all of them found jobs.the government also revised up its estimate of job growth for april and may were revised up by a combined 47,000. in the first six months of this year, hiring has averaged nearly 180,000 jobs a month, only slightly below last year's pace.yet even with the strong hiring, average hourly pay rose in june by just 2.5 percent from a year earlier. that's below the 3.5 percent pace typical of a h






us employers add strong 222k jobs; jobless rate at 4.4 pct.


washington — u.s. employers added a robust 222,000 jobs in june, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.the unemployment rate ticked up to 4.4 percent from 4.3 percent in may, which was a 16-year low, the labor department said friday. the jobless rate rose because more americans began looking for work and not all of them found it.the government also revised up its estimate of job growth for april and may by a combined 47,000. in the first six months of this year, hiring has averaged nearly 180,000 jobs a month, only slightly below last year's pace.yet even with the strong hiring, average hourly pay rose in june by just 2.5 percent from a year earlier. that's below the 3.5 percent pace typical of a hea






us consumer spending, incomes grew solidly in april


washington (ap) — americans increased their spending in april at the fastest pace in four months, bolstered by a solid gain in incomes. the strong results underscored expectations that the economy is poised to rebound after a lackluster start to the year.the commerce department says consumer spending rose 0.4 percent in april after a 0.3 percent rise in march. it was the best showing since december. incomes rose 0.4 percent.consumer spending, which accounts for 70 percent of economic activity, grew at the slowest pace in seven years in the first quarter. that was a key reason the economy expanded by just 1.2 percent at the start of the year. economists are hopeful growth will rebound to around 3 percent in the current april-june quarter.






eurozone economy growing at 'fastest rate in 6 years'


london — a closely watched survey indicates that economic growth across the 19-country eurozone struck a 6-year high in april.financial information company ihs markit says thursday that its purchasing managers' composite output index — a broad gauge of economic activity — rose to 56.8 in april from 56.4 the previous month. the reading was at its highest level since april 2011.anything above 50 indicates expansion.chris williamson, the firm's chief business economist, said the survey portrays "an economy that is growing at an encouragingly robust pace and that risks are moving from the downside to a more balanced situation." he said it's consistent with quarterly growth of 0.7 percent.on wednesday, figures showed the eurozone grew by 0.5 percent in the first quarter.






u.s. first-quarter economic growth upgraded to 1.4 percent


by josh boakwashington (ap) — the u.s. economy got off to a lackluster start during the first three months of 2017, though it enjoyed more momentum than earlier estimates indicated.the commerce department said thursday that gross domestic product, the broadest measure of economic health, grew at an annual rate of 1.4 percent in the first quarter — better than a previous estimate of 1.2 percent and double the initial estimate of 0.7 percent. the upgrade reflects new-found strength in consumer spending and exports.the result is weaker than 2.1 percent growth in the fourth quarter and matches the growth rate recorded the second quarter of 2016. it is still well below president donald trump’s ambitious growth targets of the economy growing at more than 3 percent.analysts expect growth to accel






us employers add strong 222k jobs; jobless rate at 4.4 pct.


washington — u.s. employers added a robust 222,000 jobs in june, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.the government also revised up its estimate of job growth for april and may by a combined 47,000. hiring has averaged nearly 180,000 jobs a month this year, only slightly below last year's pace. the unemployment rate for june ticked up to 4.4 percent from 4.3 percent in may, a 16-year low. the jobless rate rose because more americans began looking for work and not all of them found it.friday's jobs report from the government suggested that after eight years of a grinding but resilient recovery, companies still have room to hire at a healthy pace. though the rate of job growth has slowed since 2014 a






new york manufacturers grow at a slower pace in april


washington (ap) — manufacturing in new york state expanded more slowly this month than it did in march, but factory hiring looked strong.the federal reserve bank of new york says its empire state manufacturing survey fell to 5.2 in april from 16.4 in march and a two-year high 18.7 in february. still, anything above zero signals growth, and new york factories have been expanding for six straight months.new orders grew at a slower pace this month. the index that measures hiring climbed to the highest level in more than two years. the labor department reported earlier that factories nationwide have added 49,000 jobs from january through march; during the first three months of the year; during the first three months of 2016, they cut 4,000 jobs.






japan’s economy slows again - wsj


tokyo—japan’s economy slowed again in the final quarter of 2016 as feeble spending by consumers took the shine off a pickup in exports and business investment, leaving growth lagging behind the pace targeted by prime minister shinzo abe’s administration. japan’s real gross domestic product grew 1.0% on an annualized basis in the three months through december for the fourth consecutive quarter of expansion, the longest stretch of gains since 2013, according to cabinet office data released monday. the expansion was...






world bank sees global economy growing 2.7 percent this year


washington (ap) — the world economy will pick up speed this year and next, helped by steadier commodity prices and a pickup in global trade, the world bank said sunday.the anti-poverty agency predicts 2.7 percent growth this year and 2.9 percent in 2018, improving on 2016’s 2.4 percent expansion.the bank sees the u.s. economy growing 2.1 percent this year, up from 1.6 percent in 2016, and the 19-country eurozone expanding 1.7 percent, down a notch from 1.8 percent. japan is expected to grow 1.5 percent, fastest pace since 2013 and up from 1 percent last year. china’s deceleration will continue — from 6.7 percent growth last year to 6.5 percent in 2017 to 6.3 percent in 2018 — as the country moves away from unsustainable growth fueled by often-wasteful investment and toward slower, steadier






us employers add strong 222k jobs; jobless rate at 4.4 pct.


washington (ap) — u.s. employers added a robust 222,000 jobs in june, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.the government also revised up its estimate of job growth for april and may by a combined 47,000. hiring has averaged nearly 180,000 jobs a month this year, only slightly below last year’s pace. the unemployment rate for june ticked up to 4.4 percent from 4.3 percent in may, a 16-year low. the jobless rate rose because more americans began looking for work and not all of them found it.friday’s jobs report from the government suggested that after eight years of a grinding but resilient recovery, companies still have room to hire at a healthy pace. though the rate of job growth has slowed since 2






u.s. employers add 222k jobs, the most in four months


u.s. employers added a robust 222,000 jobs in june, the most in four months, a reassuring sign that businesses may be confident enough to keep hiring despite a slow-growing economy.the government also revised up its estimate of job growth for april and may by a combined 47,000. hiring has averaged nearly 180,000 jobs a month this year, only slightly below last year's pace. the unemployment rate for june ticked up to 4.4 percent from 4.3 percent in may, a 16-year low. the jobless rate rose because more americans began looking for work and not all of them found it.friday's jobs report from the government suggested that after eight years of a grinding but resilient recovery, companies still have room to hire at a healthy pace. though the rate of job growth has slowed since 2014 and 2015, it's






us stocks inch higher following solid april jobs report


new york (ap) — u.s. stocks are rising friday after the government said hiring bounced back in april. that suggests the economy should start growing faster in the next few months after a sluggish start to the year. ibm is slumping after billionaire investor warren buffett said he sold a large part of his stake in the company.keeping score: the standard & poor’s 500 index picked up 1 point, or 0.1 percent, to 2,391 as of 10 a.m. eastern time. the nasdaq composite rose 5 points, or 0.1 percent, to 6,080. the russell 2000 index of smaller-company stocks held steady at 1,389.the dow jones industrial average slumped 20 points, or 0.1 percent, to 20,931 because of ibm’s loss.jobs: employers in the united states added 211,000 jobs in april, according to the labor department. that was a relief to






boj keeps monetary policy unchanged, says 2020 games to help


tokyo — japan's central bank kept its ultra-lax monetary policy unchanged thursday, forecasting that growth in the world's third-largest economy would remain slow but steady through the fiscal year ending in march 2018.most analysts were expecting the bank of japan to stand pat. in a statement, the boj said demand spurred by preparations for the tokyo 2020 olympics will help support growth in the coming year or two.but it warned of risks to that scenario from global trends, including u.s. economic policies, britain's exit from the european union and other geopolitical trends."with regard to the outlook for economic activity, risks are skewed to the downside, particularly those regarding developments in overseas economies," it said.the bank of japan is pumping trillions of yen (tens of bill






u.s. consumer spending, incomes showed big gains in april


washington — americans increased their spending in april at the fastest pace in four months, bolstered by a solid gain in incomes. the strong results underscored expectations that the economy is poised to rebound after a lackluster start to the year.consumer spending rose 0.4 percent in april after a 0.3 percent rise in march, the commerce department said monday. it was the best showing since december. incomes also rose 0.4 percent, double the 0.2 percent march increase.consumer spending, which accounts for 70 percent of economic activity, grew at the slowest pace in seven years in the first quarter. that was a key reason the economy, as measured by the gross domestic product, expanded by just 1.2 percent at the start of the year. economists are hopeful gdp growth will rebound to around 3






us consumer spending, incomes grew solidly in april


washington — americans increased their spending in april at the fastest pace in four months, bolstered by a solid gain in incomes. the strong results underscored expectations that the economy is poised to rebound after a lackluster start to the year.consumer spending rose 0.4 percent in april after a 0.3 percent rise in march, the commerce department said monday. it was the best showing since december. incomes also rose 0.4 percent, double the 0.2 percent march increase.consumer spending, which accounts for 70 percent of economic activity, grew at the slowest pace in seven years in the first quarter. that was a key reason the economy, as measured by the gross domestic product, expanded by just 1.2 percent at the start of the year. economists are hopeful gdp growth will rebound to around 3






us factories expand at slower pace in april


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us services firms grow faster in april


washington (ap) — u.s. services companies expanded at a faster pace in april, good news for the overall american economy.the institute for supply management, a trade group of purchasing managers, said wednesday that its services index rose last month to 57.5 from 55.2 in march. anything above 50 signals the services sector is growing — something it’s done for 88 straight months.sixteen services industries reported growth last month, led by wholesalers and utilities. only one industry grouping — covering agriculture, forestry, fishing and hunting — contracted in april.production, new orders, prices and export orders all grew faster last month. hiring grew but at a slower pace than it did in march. anthony nieves, chair of the institute’s services survey committee, said the hiring slowdown p






eurozone economy growing at ‘fastest rate in 6 years’


london (ap) — european stocks got a sizeable lift thursday after centrist french presidential candidate emmanuel macron was widely perceived to have gotten the better of the far-right’s marine le pen in a televised debate and a survey showed economic growth in the 19-country eurozone striking a six-year high.financial information company ihs markit said its purchasing managers’ composite output index — a broad gauge of economic activity — rose to 56.8 points in april from 56.4 the previous month. the reading was at its highest level since april 2011 and a tad ahead of the earlier estimate. anything above 50 indicates expansion.chris williamson, the firm’s chief business economist, said the survey portrays “an economy that is growing at an encouragingly robust pace and that risks are moving






japan’s economic growth below estimates in last quarter


tokyo (ap) — revised data show japan’s economy expanded at a slower than hoped for 1.2 percent annual pace in the last quarter of 2016.the figure released wednesday was slightly higher than the preliminary estimate of 1.0 percent annual growth for the world’s no. 3 economy. it was below economists’ forecasts for growth of 1.4 percent or higher.in quarterly terms, the economy expanded 0.3 percent in the october-december. the earlier estimate was 0.2 percent.a slight increase in corporate investment appeared to be the main factor behind the slight upgrade. private demand remained flat, and public spending fell slightly.most read storiesunlimited digital access. $1 for 4 weeks.“in fact, the data underline that the large fiscal stimulus package revealed last july remains but a mirage,” marcel






us unemployment benefits drop 19,000 to 238,000


washington — fewer americans filed for unemployment benefits last week after two weeks of small gains.the numbers: the labor department says weekly jobless claims dropped by 19,000 to 238,000, the lowest level in three weeks. the less volatile four-week average edged up by 750 to 243,000. overall, 1.96 million americans are collecting unemployment benefits, down 8.1 percent from a year ago.the takeaway: jobless claims are a proxy for layoffs. they have come in below 300,000 for 113 straight weeks, the longest stretch since 1970. the new report adds to evidence that the job market remains healthy.key drivers: even though the overall economy was growing at a sluggish pace at the beginning of the year, the jobless rate fell to 4.5 percent in march, the lowest in nearly a decade. the governmen






us services firms grow faster in april


washington — u.s. services companies expanded at a faster pace in april, good news for the overall american economy.the institute for supply management, a trade group of purchasing managers, said wednesday that its services index rose last month to 57.5 from 55.2 in march. anything above 50 signals the services sector is growing — something it's done for 88 straight months.sixteen services industries reported growth last month, led by wholesalers and utilities. only one industry grouping — covering agriculture, forestry, fishing and hunting — contracted in april.production, new orders, prices and export orders all grew faster last month. hiring grew but at a slower pace than it did in march. anthony nieves, chair of the institute's services survey committee, said the hiring slowdown partly






silicon valley economy pauses, but still is growing


san jose — the silicon valley economy is taking a pause, yet is still growing briskly, extending an expansion that has created a region of high incomes and widening economic disparity, according to a new report released on thursday.“the economy reached a point where it needed to take a pause,” said russell hancock, chief executive officer of joint venture silicon valley, which released the report as part of its 2017 silicon valley index, a closely watched barometer of the region’s economic health. “we are catching our breath.”during 2016, silicon valley added 45,600 jobs, the report stated. average annual earnings have climbed to an all-time high of $125,580 and per capita income has hit a record peak of $86,976.despite the slower pace of job gains, silicon valley now has chalked up seven






2 scary acronyms in a military town: brac and rif


two acronyms have popped up in the news that are scary for a military town like san diego: brac and rif.two heavy-hitter congressmen say they want to put base closures back on the table.adam smith, a washington state democrat on the house armed services committee, said he’ll introduce a bill to give the pentagon the authority to conduct another round of base realignment and closure discussions, known as brac, in 2019."we should not be wasting hard-earned taxpayer money to maintain excess infrastructure that dod has determined it does not need," smith said in a statement. "it is time to do what's right for defense and move forward with this process."arizona sen. john mccain, the republican who chairs the senate armed services committee, apparently agrees."we need to talk about it, i think i