Economy failed to reach 73-month postwar growth record: gov't panel

Japan's economy expanded for 71 consecutive months through October 2018, a government panel concluded Thursday, meaning that the country fell two months short of a record-long post-war growth period as suggested by the administration of Prime Minister Shinzo Abe.The panel of economists and experts for the Cabinet Office, which retrospectively determines the length of an economic boom, said the expansion began in December 2012, when Abe returned to power, and ended in October 2018, a time when exports were dampened by an escalating U.S.-China tariff war.In January last year, the Japanese gov…READ FULL ARTICLE