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Japan posts longest growth streak since bubble economy

Reuters  |  TOKYO 

By Stanley WhiteTOKYO (Reuters) - Japan's economy posted its longest continuous expansion since the 1980s boom as fourth quarter growth was boosted by consumer spending, and moved Prime Minister Shinzo Abe's revival plan another step closer to vanquishing decades of stagnation. The long run of growth is also an encouraging sign for the Bank of Japan, hinting that the economy may at last be building up momentum to lift consumer prices toward its 2 percent inflation target.Nonetheless, the lack of any inflation effect in the data and a decline in real wages for the quarter highlight the ...

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First Published: Wed, February 14 2018. 08:36 IST
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