Japan revises down growth numbers for second quarter

Author: 
http://www.bbc.co.uk

Japan has revised down its growth numbers for the second quarter, raising concerns about a slowdown in the world's third-largest economy.

The government said that economy grew at an annual rate of 0.7% during the April to June period. That is down from its earlier estimate of 1.4%.

Compared with the previous quarter, the economy grew by 0.2%, also lower than the previous figure of 0.3%.

Slowing exports and subdued domestic demand have hurt Japan's growth.

"This is a very significant revision. It means that overall production and investment in Japan was lower than the government had previously estimated," Martin Schulz of Fujitsu Research Institute told the BBC.

"As a result, the economy is slowing much faster than expected."

Further slowdown?
Japan's economic growth has been impacted by both international and domestic factors.

Continue reading the main story

Start Quote

Japan's growth may even turn negative in the current quarter”

Martin Schulz
Fujitsu Research Institute
The export sector, one of the biggest drivers of growth for Japan, has been hurt by slowing demand from key markets such as the US and eurozone.

At the same time, growth in Asian countries, such as China and India, which had been faring better than western economies after the global financial crisis, has also slowed further hurting the sector.

Analysts said that this weakness in exports has had a knock on effect on corporate investment and dented growth.

"Asia, China in particular, is the most important market for Japan right now," said Mr Schulz of Fujitsu Research Institute.

"The slowdown there is having a negative impact, not just on Japanese growth but also on business sentiment and corporate investment in the country."

To make matters worse, domestic demand in Japan has not risen enough to offset the decline in foreign sales which has hit corporate morale.

Mr Schulz warned that given these conditions "Japan's growth may even turn negative in the current quarter".



Comments

cheap mother of the bride dresses uk

evening dresses costs not only money but also your time which is a must. wedding hair accessories Search for a gown which you’d like to wear it time and time again instead of a disposable tacky one. amazing prom dresses When it comes to plus size gown styles, Mori Lee features wedding dresses and gowns, bridal and prom dresses , quinceanera gowns, cocktail, formal and bridesmaid dresses, homecoming dresses celebrity dresses wholesale applies the same rule of normal gowns. wedding gowns sashes discount diamond jewelry You would never go wrong with a timeless design. Off the shoulder Wedding Dresses It even works evening dresses for an evening party plus size mother of the bride dresses cheap baby bridesmaid dresses . fashion prom dresses As we are aware that for your bride, wedding is obviously important than an night social gathering. However plus size evening dresses , you do not must be so nervous about the gown deciding on job. The chi ball gown wedding gown can serve as your good selection. The ball gown wedding dresses might be defined by fitted bodice with full

Ragga Dancehall Top 10 with Dazzle

Author: 
Elsabe Tibinyane

10. Jahmiel - Different level
09. Patoranking - Love you die
08. Wizkid - Naughty ride

07. Vershon - Te Amo
06. Charly Black - Right De Suh
05. Rdx Shake your - Bam Bam

04. 2Kingz - Bend Down
03. Tarrus riley - There Is A Way
02. Morgan Heritage - We Are

01. Dre Island - We Pray



Movie Releases

Opening Date: Friday, 17...

Opening Date: Saturday, 25...