About: http://data.cimple.eu/news-article/d3e775bf24f0505fba14621b82bf9efb4819e2c82bb431f853a6b4dc

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About: http://data.cimple.eu/news-article/d3e775bf24f0505fba14621b82bf9efb4819e2c82bb431f853a6b4dc Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Japan's economy suffered its worst quarterly contraction in more than five years at the end of 2019 after a tax hike and typhoons, according to official data on Monday. The nation's gross domestic product in the three months to December shrank 1.6 percent from the previous quarter, before the novel coronavirus outbreak in China hit Japan. The drop was much worse than the one-percent contraction economists had expected. The disappointing data snapped four quarters of expansion and was the biggest contraction since the second quarter of 2014 when the economy shrank 1.9 percent after the first sales tax hike in 17 years was introduced. The tax hike appeared to have taken its toll in the fourth quarter of 2019, as personal consumption fell 2.9 percent after the government raised the sales tax in October from eight percent to 10 percent. Business expenditure on factories and equipment decreased 3.7 percent despite investment getting a boost from cashless-payment systems that allow consumers to alleviate the consumption tax hike. Economists are now carefully watching what impact the new virus outbreak will have on the world's third-largest economy, as it hit Japanese companies' manufacturing activities and tourism. mis/ric/jah
schema:headline	Japan economy logs worst drop in over five years
schema:mentions	Sales tax Ebola virus disease Japanese language Gross domestic product China Severe acute respiratory syndrome coronavirus 2 Consumption tax The Drop (film) Economy of Japan
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

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