《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.


Author: Yoshiko KURISAKI (栗崎由子)

I am Yoshiko Kurisaki, Japanese, executive consultant specializing in cross-cultural management between Europe and Japan. Being based in Geneva, I travel between Europe and Japan. Culture may be a stop factor in business. That said, if you go beyond that, culture is a vaIuable 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)、ダイバーシティ マネジメント コンサルタント。約30年間欧州の国際ビジネスのまっただ中で仕事をしてきました。その経験を生かし、日本発グローバル人材を育てるための研修やコンサルティングを行なっています。文化の違いは”面倒なこと”ではなく新しい価値を生み出す源泉です。日本人の良さを国際ビジネスに生かしながら、違いを資源に変えて価値を創造しましょう。

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