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Japan Q3 GDP up, Q4 likely to lag

11-07-2011 14:54 BJT

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Japan's preliminary data points to third quarter GDP growing by 1.5 percent during the July to September period. The increase was driven by rebounding exports and consumption following the natural disasters in March.

On an annualized basis, this would mean Japan's GDP grew by just over 6 percent, the fastest growth since the first quarter of last year.

External demand is seen contributing six-tenths of a percentage point to GDP, as companies quickly repaired broken supply chains. Private consumption also rose, driven by more purchases of consumer electronics.

However, economists warn that Q3 growth may be inflated and Japan's recovery has already been slowing on a monthly basis since July.

Economists expect a slowdown in Q4 GDP as global economic growth looses steam, hurting the country's exports.

The failure of the government to implement a huge supplementary budget for reconstruction following the March disaster will also come into play.

 

Editor:Zhang Rui |Source: CNTV.CN

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