Report
Japan GDP Plunge Worse than 1997
posted by Richard Katz on September 05, 2014
Found in Japan, categorized in Growth Outlook and Business Cycle
Report Cover
Headline
Clearly, Abe’s advisers failed when most assured him that the impact from the April 1 hike in the consumption tax from 5% to 8% would be small and transitory.
Abstract
The larger-than-expected plunge in April-June GDP and the disappointing initial economic indicators for July have shown that the underpinnings of Japan’s economic recovery are far weaker and more fragile than the Abe administration, and most economists, had presumed.