Japanese Economic growth Falls to Lowest level in Six Years

The Japanese economy dropped at the fastest pace in nearly six years in the fourth quarter of 2019 as the increase in sales tax affected consumer and business spending in addition to the outbreak of the Corona virus, which increased the risk of economic recession in Japan.

Government data today showed that Japan's gross domestic product fell 6.3% annually in the October-December period, the biggest drop since the second quarter of 2014, and capital spending fell 3.7% in the fourth quarter.

The Governor of the Central Bank of Japan Haruhiko Kuroda said that the central bank will study additional facilities if the outbreak of the Coronavirus greatly threatens the trends of the economy in Japan as it represents the largest uncertainty in the economy.