OTHER NEWS - June 21, 1995
Japan’s Economy Barely Grew in 1st Quarter: Gross domestic product, a broad measure of a nation’s economic activity, rose 0.1% in the January-March quarter over the previous quarter, Japan’s Economic Planning Agency said. That translates to an annual growth rate of about 0.3%. The report reinforces economists’ view that Japan remains mired in a long period of stagnation. The meager expansion comes after a sharp contraction--of an annualized 3.9%--in the October-December period. Some unusual circumstances suppressed personal spending during the first quarter, including the Jan. 17 earthquake in Kobe.
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