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2012, May 23

Japan's Economy Expands 1.5 Percent

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Japan's Economy Expands 1.5 Percent

by CFO Innovation Asia Staff, 14 November 2011
topics:
Finance and Banking
tags:
exports GDP
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A spike in exports has expanded Japan's economy by 1.5 percent quarter-on-quarter or an annualised rate of 6 percent in the July-September period, the country's first gain since a 10.2 percent annualized expansion in the January-March quarter of 2010 and the first rise in four quarters.

 

Japan's Economy Minister Motohisa Furukawa warns that the country's economic recovery would slow as the pace of exports moderates due to weakening overseas demand.

 

"We have to pay adequate attention to downside risks, such as possible deterioration in foreign economies, rapid appreciation in the yen and the impact of damage from the Thai floods," Furukawa said at a press conference after the release of the data.

 

Private consumption, which was the second largest contributor to the growth in the third quarter, grew 1.0%.

 

 

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