The economy contracted more than initially reported in the fourth quarter. According to the second preliminary estimate released by the Cabinet Office on 10 March, GDP dropped by 1.3% at a seasonally adjusted annualised rate over the previous quarter, below the 1.1% contraction estimated earlier and also lower than market expectations of a 1.2% decline. Private consumption and investment were the main factors behind the downward revision of fourth quarter numbers. Private consumption dropped an annualised 3.2%, after having been initially estimated to have declined by 2.9%, while gross fixed capital formation dropped 1.6% (previous estimate: -2.6% qoq saar). Exports and imports remained broadly in line with the previous reading. On a quarter-on-quarter basis, GDP grew 0.3%, which was unchanged from the previous estimate. Despite the downward revision, full-year growth for 2010 reached a robust 3.9%, which marked the fastest pace since 1990.
Q4 growth revised down amid weaker consumption and investment
March 11, 2011
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Japan Economic News
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.
September 30, 2016
In August, the core consumer price index was flat compared to the previous month, which was above the 0.2% decline in July.
September 30, 2016
In August, industrial production expanded 1.5% over the previous month in seasonally-adjusted terms, which contrasted July’s 0.4% decrease (previously reported: 0.0% month-on-month).