2nd Quarter GDP, Consumption Worse than 1997

posted by Richard Katz on August 13, 2014

Found in Japan, categorized in Growth Outlook and Business Cycle

Tags: Japan GDP consumption Richard Katz

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The consensus estimate for July-September prior to the release of the April-June numbers was that GDP would rebound at a 3-4% annual rate, and that this would be enough to let the second tax hike proceed on schedule.


The fallbacks in consumption and GDP were both markedly worse this April-June than after the analogous tax hike in 1997.

About Richard Katz

Richard Katz

Richard Katz is Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan, and is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly.

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