Moscow. November 16. Japan’s GDP in the third quarter of 2015 decreased by the reduction of investment companies, the downturn in the economy is observed two quarters in a row that meets the definition of a recession.
According to preliminary official data, the Japanese economy in July-September decreased by 0.8% in recalculation on annual rates. Analysts surveyed by Bloomberg, forecasted a decline in GDP by 0.2%.
The contraction of Japanese GDP relative to April-June amounted to 0.2% when economists expected a decline of 0.1%.
Assessment of the decline in GDP in the previous quarter was revised from 1.2% to 0.7% in annual terms and 0.3% at 0.2% in quarterly.
Investment companies decreased by 1.3% instead of the expected decrease by 0.5%.
Meanwhile, consumer spending last quarter rose by 0.5%, which was better than market expectations (of 0.4%).
For comparison: in the second quarter of this year, consumer expenses decreased 0.6% investment companies – 1.2%.
“The GDP report for the last quarter added to concerns that the weakness in the Japanese economy may persist for a long time, – said economist at Itochu Group Atsusi Takeda. – The main problem was the decline in investment”.
Weak statistical data on the Japanese economy can be an argument in favor of stimulus measures by the Bank of Japan. A regular meeting of the Central Bank will be held on November 18-19.