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Japan

Author

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  • Șerban Georgescu

Abstract

After the dramatic contraction after the March 2011 earthquake, the Japanese economy started to slowly recover during Q3, recording the first rise after the earthquake. GDP increased by 1.5% compared to Q2 (6% y/y), after three quarters of declines. In the last quarter of the year, the economy has registered a new decrease (2.3%), much over the initial anticipations (-1.4%). Overall in 2011, the OECD report reveals a decrease in Japan’s GDP by 0.7%, after the 4.5% increase in 2010. After the slowdown in the economic increase at the end of 2011, public reconstruction spending will continue to boost economic growth, anticipated to reach a real rate of 2.0% in 2012 and 1.5 in 2013, according to the OECD Report.

Suggested Citation

  • Șerban Georgescu, 2012. "Japan," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009567019
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