Japan GDP Falters

February 17th, 2014
in econ_news, syndication

Econintersect:  Weak exports shot a hole in Japan's GDP growth in 4Q/2014.  The quarter-over-quarter gain came in at 0.3%, less than half of what had been expected.  breakingnews130pxThe latest result matched the growth achieved in each the second and the third quarters.  A negative balance of trade subtracted a huge 3.1% because imports growing by 3.5% in the fourth quarter simply swamped the meager growth of exports by 0.4%.  Japan's surge in imports is driven by the large increase in energy imports as a result of the shutdown on the nation's nuclear facilities in response to the nuclear plant disaster at Fukushima almost three years ago.  This increase is aggravated by a 30% drop in the value of the yen in U.S. dollar exchange over the past 18 months.  Energy is priced in dollars.

Follow up:

Domestic growth in the fourth quarter was strong, especially from the private sector.  Consumer spending was up 0.5% for the quarter, company capital investment rose by 1.3% and housing investment was up 4.2%.

japan-gdp-table-4q13-prelim-2014-feb

The numbers today are the first preliminary release of data and will be revised with later updates in March and April.

John Lounsbury

Sources:

 















Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.












 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved