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Japan economic growth slows down

08-16-2010 19:20 BJT

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Japan's economy grew an annualized rate of 0.4 percent in the second quarter. Monday's statistical report indicates it was the nation's third consecutive quarterly expansion. But the result still fell short of expectations.

Figures released by the Japanese government indicate that the country's Gross Domestic Product grew at an annualized rate of just 0.4 percent from April to June.

The result is, nonetheless, far below the expectations of 2.3 percent growth estimated by analysts, and represents a sharp slowdown from the previous quarter's revised expansion.

On the streets of Tokyo, some residents blamed the the country's economic policies for the slowing growth.

Koshiro Aizawa,Tokyo Resident,said, "Japan had grown to certain point. Yes, our economy is still relatively okay, but it's gradually slowing down. Politics are not good, and our currency policy is also not good. So, the economy has stagnated."

Some analysts are also predicting a further slowdown of the Japanese economy, as the effects of the nation's fiscal stimulus fully fade away.'

Editor:Yang Jie |Source: CNTV.CN

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