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Japan's Economy Rebounds as Consumers, Companies Spend More

US News & World Report
Japan's Economy Rebounds as Consumers, Companies Spend More

In this July 20, 2018, photo, people walk on a street in Ginza shopping district in Tokyo. Japan reports its economy resumed its longtime expansion in the last quarter as consumers and businesses stepped up spending. (AP Photo/Eugene Hoshiko) The Associated Press TOKYO (AP) — Japan's economy resumed its longtime expansion in the last quarter as consumers and businesses stepped up spending, the government said Friday. Preliminary data showed that trade weighed slightly on growth, a worrying sign as Japan braces for tariffs that the administration of President Donald Trump plans to impose on imports of steel and, possibly, autos and auto parts. The world's third largest economy grew at a 1.9 percent