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Japanese Economy Shrank by 0.4% in 4Q2015
Japanese Economy Shrank by 0.4% in 4Q2015
Sputnik International
Japan’s economy contracted by 0.4 percent of its gross domestic product (GDP) between October and December 2015, figures released by the Cabinet on Monday... 15.02.2016, Sputnik International
2016-02-15T06:08+0000
2016-02-15T06:08+0000
2022-08-06T13:50+0000
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Japanese Economy Shrank by 0.4% in 4Q2015
06:08 GMT 15.02.2016 (Updated: 13:50 GMT 06.08.2022) Japan’s economy contracted by 0.4 percent of its gross domestic product (GDP) between October and December 2015, figures released by the Cabinet on Monday showed.
MOSCOW (Sputnik) — This is more than 0.3 percent registered in the third quarter. Expectations for the fourth quarter also stood at 0.3 percent in lost GDP.
29 January 2016, 04:23 GMT
On the annualized terms, Japan’s GDP contracted by 1.4 percent in October-December, compared to a predicted annualized contraction of 1.2 percent.
Private consumption rate sank by 0.8 percent of the GDP. It accounts for up to 60 percent of the island nation’s GDP.
In 2012, Prime Minister Shinzo Abe announced measures to halt economic stagnation, including structural reforms, monetary easing and fiscal stimulus. The plan, dubbed Abenomics, was introduced after Abe’s election in December 2013.
