Japan Chemical Trading Blog
Japan’s GDP Decreased by 6.8%
According to the announcement of the Cabinet Office, Government of Japan on August 13th, the growth rate of the real GDP recorded -1.7% (-6.8% per annum) in the April to June period.
The negative growth of this period due to the last-minute demands before the consumption tax increase as of April 1st has been incorporated. Transition of demand will be the center of attention. I see the overseas demand in general is still weak, while the domestic demand has not recovered its momentum yet.
Many private research firms predict that capital investments and personal spending are going to increase so that the growth rate of the GDP will recover quickly.
I hope it will.