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Japan

Article Abstract:

The Japanese economy is experiencing the worst recession since the mid- 1970s. GDP fell by 1.3% during the first quarter and will probably fall to 1.9% during 1998. Industrial output was 8% lower in the second quarter than in 1997 and household spending remains less than in May 1997. Unemployment is expected to continue to rise and it is unlikely that the 16 trillion yen put in to boost the economy will manage to sustain economic growth. Inflation will stay close to 0% and unemployment will be about 5% in 2000. Any recovery will be very slow.

Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1998

Administration of General Economic Programs, Intnl Economic Policy, Financial Forecasting, International economic relations, Economic forecasting, Business forecasting

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Japan

Article Abstract:

The Japanese economy remains weak, with GDP falling by 0.8% in the second quarter of 2001. Consumer spending rose by 0.5%, but this trend is unlikely to be maintained. Many large industrial firms are scaling down employment and investment.

Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 2001

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Comment about this article or add new information about this topic:

Subjects list: Economic aspects, Japan

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