Business
18:09, 23-Jun-2017
Japan confident about growth despite Q1 downward revision
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Japan's GDP figures came out as a disappointment and concerns linger over the direction of the yen. However, experts say the recovery in the Asian market and a possibly stabilizing global economy might be enough to offset those concerns.
As CGTN's Terrence Terashima reports, although first quarter growth was revised downward, the Japanese government is confident that the economy is on course for a steady recovery.
One of the factors that worries the Japanese is the currency exchange rate. The rapid rise of the yen has often undermined its trade profits and Washington and Tokyo have disagreements over the appropriate yen dollar exchange rate.