《Express News》Upward revision of Japan’s GDP announced, decrease by 1.2% p.a. in the 2Q

Source: Asahi Ahimbun, 8 Sep. 2015 and summarised and translated by Europe-Japan Dynamics

The real growth rate of Japanese GDP for the period of April to June 2015 was 0.3 % less than the one in the previous quarter (January to March), according to the second breaking news released by the Cabinet Office of the Government of Japan. The figure is equivalent to decrease by 1.2 % p.a., which was an upward revision from the first breaking news in August, that reported decrease by 1.6 % p.a.

Yet to fly high.
Yet to fly high.

It must be noted that the main factor of the upward change was largely due to increase in stock, which does not necessarily signal the improvement of GDP. It is three quarters since the last negative economic growth.

The increase in stock would be due to a still weak buying power of consumers, rather than the increase predicting sales increase in the near future, according to the chief economist of SMBC.

The capital spending was largely revised downward from 0.1% decrease of the first breaking news to 0.9% decrease. This is due to influence of the slowdown of the China’s economy.

Recommendations to Swiss companies – If you wish to sell goods and services to Japanese companies, you must emphasize cost savings first, before efficiency and quality. It is a good timing to travel to Japan.

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Author: Yoshiko KURISAKI (栗崎由子)

I am Yoshiko Kurisaki, Japanese, executive consultant specialising in cross-cultural management between Europe and Japan. Having lived in Europe for about 30 years, I'm back to Japan. Culture may be a stop factor in business. On the contrary, if you go beyond that, culture is a valuable source of inspirations and innovation. I help European businesses to turn cultural barriers to innovation.   栗崎由子(くりさき よしこ) 国際コミュニケーション コンサルタント。欧州で30年間、世界230か国以上の人々と仕事をして体得した本物の国際コミュニケーションのコツをお教えします。あなたの仕事が進みます、交渉が捗ります。無料相談(30分)はこちらからどうぞ → https://goo.gl/WpjQ7L

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