‘Q2 GDP hit by bad weather, mini vehicle tax hike’ – Japan’s EcoMin Amari

FXStreet (Mumbai) - Following the release of dismal Japan’s Q2 GDP data, Japan’s Economics Minister Akira Amari put on a brave face and blamed the contraction on temporary factors like bad weather that kept consumers at home.

Key Quotes:

"Income conditions continue to improve as a trend so private consumption is expected to recover gradually,"

“Q2 GDP hit by bad weather, mini vehicle tax hike”

“Q2 GDP hit by fall in exports to Asia, U.S.“