Asia home page | Asia Breaking News

Visit our special sections for latest developments and analysis:

Japan's Prime Minister vows to return economy to growth

Japan's Prime Minister has vowed to do all he can to return the world's second largest economy to growth.

As Tokyo Correspondent Mark Simkin reports, figures to be released shortly are likely to show that Japan, is stuck in one of its worst recessions on record:

"Today, the government will reveal what happened to Japan's gross domestic product in the final three months of 2001. It's widely expected that the economy continued to shrink in the quarter. That means Australia's top export market has been stuck in recession for nine months in a row, one of its worst contractions on record. Speaking in parliament, Prime Minister, Junichiro Koizumi pledged to take "all necessary steps" to revive the economy, but said there are no quick fixes.

08/03/2002 10:36:42 | ABC Radio Australia News

More Asia Breaking News 23/03/2002 19:21:13 Japan demands answers from North Korea on abductions 23/03/2002 19:21:17 South Korean power workers vow to pursue strike 23/03/2002 18:16:21 US pulls out diplomatic staff from Pakistan 23/03/2002 12:20:56 US orders departure of non-essential personnel from Pakistan 23/03/2002 12:20:55 Top Vietnam policeman opposes death penalty 23/03/2002 12:20:51 Hanoi tells Washington to be more constructive on refugees

Back

Related Stories

08/03/2002 09:49:34
Latest Japanese economic figures to be released today

08/03/2002 06:39:39
Japanese PM vows to return economy to growth

07/03/2002 12:42:24
Modest quakes rattle northern Japan

07/03/2002 05:05:51
Anger over Japan's new whaling policy

Related Sites

World News from Radio Australia
News across Asia, the Pacific and beyond.