Japan GDP suffers steepest decline in 5 months

[beijingwalker]

Japan GDP suffers steepest decline in 5 months​

Nikkei staff writersMarch 13, 2023 17:43 JST

TOKYO -- Japan's gross domestic product in January shrank a seasonably adjusted 0.6% from the previous month, declining for a second month in a row and marking its steepest descent since August, the Japan Center for Economic Research said on Monday.

The Tokyo-based think tank also estimated that if the trend holds through this month, Asia's second-largest economy for the first quarter of this year will contract by an annualized 3.4% from the final three months of 2022.

The January tumble was led by sluggish corporate capital investments, declining public capital investments and falling exports.

Corporate capital investments dropped 1.7%, according to the JCER, partially owing to a 5.9% fall in January shipments of capital goods, a component in the industrial production index.

Public capital investments dipped 0.7%, the JCER said, due to fewer public works being ordered by December.

The JCER, however, said leading indicators for corporate sector capital investments in January grew 1.6% and those for public sector investments gained 0.9%.

Goods and services exports fell 1.4%, mainly due to a 2.9% decline in goods exports. Shipments to China fell 9.3%, those to the U.S. contracted by 4.5% and those to the European Union slipped by 1.9%.

"Capital goods and automotive-related exports have been weak amid weak global activity in the IT and other manufacturing sectors," the JCER said, adding that the services exports picture will brighten as more foreign tourists return to Japan.

Private household consumption grew 0.4%, supported by a recovery in tourism-related sectors, the JCER said. The think tank added that private housing investment expanded by 0.6%, its first expansion in four months.

Japan GDP suffers steepest decline in 5 months, 0.6%, JCER says

2nd straight monthly contraction led by weak corporate investments and exports

asia.nikkei.com

 

[Song Hong]

Japan GDP suffers steepest decline in 5 months​

Nikkei staff writersMarch 13, 2023 17:43 JST

TOKYO -- Japan's gross domestic product in January shrank a seasonably adjusted 0.6% from the previous month, declining for a second month in a row and marking its steepest descent since August, the Japan Center for Economic Research said on Monday.

The Tokyo-based think tank also estimated that if the trend holds through this month, Asia's second-largest economy for the first quarter of this year will contract by an annualized 3.4% from the final three months of 2022.

The January tumble was led by sluggish corporate capital investments, declining public capital investments and falling exports.

Corporate capital investments dropped 1.7%, according to the JCER, partially owing to a 5.9% fall in January shipments of capital goods, a component in the industrial production index.

Public capital investments dipped 0.7%, the JCER said, due to fewer public works being ordered by December.

The JCER, however, said leading indicators for corporate sector capital investments in January grew 1.6% and those for public sector investments gained 0.9%.

Goods and services exports fell 1.4%, mainly due to a 2.9% decline in goods exports. Shipments to China fell 9.3%, those to the U.S. contracted by 4.5% and those to the European Union slipped by 1.9%.

"Capital goods and automotive-related exports have been weak amid weak global activity in the IT and other manufacturing sectors," the JCER said, adding that the services exports picture will brighten as more foreign tourists return to Japan.

Private household consumption grew 0.4%, supported by a recovery in tourism-related sectors, the JCER said. The think tank added that private housing investment expanded by 0.6%, its first expansion in four months.

Japan GDP suffers steepest decline in 5 months, 0.6%, JCER says

2nd straight monthly contraction led by weak corporate investments and exports

asia.nikkei.com

There is a Singapore MISTA that tell me for Japan trade deficit does not matter. This guy looks like an Singapore upper class but he is also a BIG moron.

Looking at all econometrics of Japan, I sense BIG BIG BIG disaster and the root cause is huge and continuous Japan trade deficit.

 

[FuturePAF]

Has defense spending already increased from 1% to 2%, and maybe why there maybe less money circulating in the same industries as before, slowing down the economy?

That seems yet to come, and it’s just the slow down exports, as Japan loses more market share. Curious to know if this is also the case in South Korea or are they still weathering the storm better than the Japanese.

"Capital goods and automotive-related exports have been weak amid weak global activity in the IT and other manufacturing sectors,"

 

[DF41]

There is a Singapore MISTA that tell me for Japan trade deficit does not matter. This guy looks like an Singapore upper class but he is also a BIG moron.

Looking at all econometrics of Japan, I sense BIG BIG BIG disaster and the root cause is huge and continuous Japan trade deficit.

MISTA is a low low class enjoying the crumbs he getting from the Maggots In White and their cronies and crassloot leechers now feasting away on Singapore turning that into Stinkapore.

MISTA only good at regurgitating the rubbish and shit Maggots In White dished out as their brand of idiocies that only their kind can applaud and hated by the rest of Singaporeans.

 

[Leishangthem]

With degenerate like kishida as leader,what else.

 

[S10]

I think Japanese economy will face major challenges in the years ahead when China squeeze them out of their traditional markets.

 

[beijingwalker]

Japan's March GDP down 0.6% as consumption stagnates: JCER​

Think tank says consumers saved money amid prolonged inflation

Japanese households spent less in March on food and goods amid continuing price hikes. © Reuters

Nikkei staff writersMay 12, 2023 19:50 JST

TOKYO -- Japan's gross domestic product declined 0.6% in March from the previous month on a seasonally adjusted basis, according to estimates from the Japan Center for Economic Research, shrinking for the first time in two months as consumption decreases amid inflation.

Private consumption, the biggest contributor to the country's GDP, declined 1.0%. Housing investment and corporate capital investment were down 0.8% and 0.2%, respectively.

Japan's March GDP down 0.6% as consumption stagnates: JCER

Think tank says consumers saved money amid prolonged inflation

asia.nikkei.com

 

[tower9]

Japan got BTFO of their traditionally strong industries like electronics, cars and shipbuilding by Korea and Japan and it is getting worse. In the future, the only things that will prop up Japan will be p orn and anime (which China is also encroaching on).