Tokyo Olympics: Economy and Yoshiki Shinke

tokyo olympics: Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute, said that strong growth is likely to continue, although concerns over North Korea will linger, according to The Japan Times. Looking ahead of course we have the North Korean issue which is hard to predict but otherwise no urgent worries or risks so the economy will likely continue picking up, he said. But the latest data still marks the longest period of expansion in more than a decade for the world's third-largest economy, with analysts saying the economy still shows strong performance. ; The economy has been picking up steam, mainly on the back of surging exports including smartphone parts and memory chips, with investments linked to the Tokyo 2020 Olympics also giving growth a boost. Marcel Thieliant, senior Japan economist at Capital Economic, said there are early indications pointing to a possible slowdown in the third quarter. On an annualized basis, the economy grew 2.5 percent, driven by robust domestic demand and corporate investment, which offset a quarterly decline in exports. But the bigger picture is that the economy is experiencing one of the longest recoveries in recent history, said Thieliant. (news.financializer.com). As reported in the news.