Japan

Șerban Georgescu

Conjunctura economiei mondiale / World Economic Studies, 2012

Abstract: After the dramatic contraction after the March 2011 earthquake, the Japanese economy started to slowly recover during Q3, recording the first rise after the earthquake. GDP increased by 1.5% compared to Q2 (6% y/y), after three quarters of declines. In the last quarter of the year, the economy has registered a new decrease (2.3%), much over the initial anticipations (-1.4%). Overall in 2011, the OECD report reveals a decrease in Japan’s GDP by 0.7%, after the 4.5% increase in 2010. After the slowdown in the economic increase at the end of 2011, public reconstruction spending will continue to boost economic growth, anticipated to reach a real rate of 2.0% in 2012 and 1.5 in 2013, according to the OECD Report.

Keywords: GDP; general government gross debt; government financial balance; unemployment rate; inflation rate; commercial balance current account; monetary policy; fiscal policy (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (59)

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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2012:id:2822000009567019

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