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The Japanese economy showed a record drop in the third quarter

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The Japanese economy showed a record drop in the third quarter
December 10
09:00 2018

The assessment of the fall of the Japanese economy has been changed for the worse, because the pace of reduction was higher than analysts’ expectations.

According to official figures, GDP for July-September have fallen by 0.6% compared to the previous period and by 2.5% compared to the same period in 2017. Such a fall is the maximum in the last 4 years. Prior to this, data on a decrease in GDP by 0.3% and 1.2%, respectively, were made public. Analysts were waiting for the revision of indicators up to 0.5% and 2%.

After 8 positive quarters in a row, the Japanese economy fell by 0.3% in the first 2018. GDP began to grow again in the second quarter, but the country experienced several typhoons, rainstorms and earthquakes. As a result, levels of production and consumption began to fall.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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