Report

TOE Alert: Unexpected Fall in Industrial Production Leads Economists to Revise Downward Their GDP Forecasts

posted by Richard Katz on October 02, 2014

Found in Japan, categorized in Growth Outlook and Business Cycle

Tags: Japan TOE Richard Katz consumer spending industrial Production

Report Cover

Headline

It’s not just the drop in consumer spending post-tax hike; stagnant exports are also hurting factory output

Abstract

Economists were so shocked when Japanese industrial production fell 1.5% in August compared to July, instead of rising 0.3% as they had expected, that many are now revising downwards their GDP forecasts for July-September.
 

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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