Daily Management Review

Japan's GDP for July-September shows minus 3% year-on-year


Japan's GDP for July-September this year is forecast by the government to be minus 3% year-on-year.

Real GDP decreased by 0.8% over the same period last year. Personal consumption was down 1.1%. Capital investment in company equipment fell by 3.8%. Imports decreased by 2.1%.

The main reason for the decrease in personal consumption is the emergency regime, which imposed travel and catering restrictions in most prefectures, leading to the abandonment of traditional travel at this time of year and affecting consumption.

Negative import figures are linked to a global shortage of semiconductors, which has led to a reduction in the production of cars and electronics.

source: asia.nikkei.com