Japan's Economy Slows Amid Natural Disasters and Economic Challenges

Prime Minister Ishiba plans stimulus to counteract the impact of typhoons and earthquake warnings on growth.

Japan's GDP grew by 0.2% in the third quarter, a slowdown from the previous quarter's 0.5% growth.
The economy was affected by a 'megaquake' alert and Typhoon Shanshan, which disrupted production and consumer activity.
Prime Minister Shigeru Ishiba is pushing for a stimulus package, including support for AI and semiconductors, to boost growth.
Consumer spending remained a positive factor, bolstered by wage hikes and temporary income tax cuts.
The Bank of Japan may consider raising interest rates due to yen fluctuations and ongoing inflation concerns.