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March 08, 2019JAPAN GDP 2018 Q4 (SECOND PRELIMINARY) The Japanese economy posted positive quarterly growth with a seasonally adjusted annualized rate increase of 1.9 per cent for the fourth quarter of 2018. This follows a decrease of 2.4 per cent for the third quarter and an increase of 1.9 per cent for the second quarter. Revised data for the fourth quarter showed stronger growth than the preliminary estimate of 1.4 per cent. With offsetting quarterly growth and decline throughout the year, real GDP in Japan was 0.3 per cent larger than in fourth quarter of 2017.
Japan's nominal GDP was up 1.6 per cent in the fourth quarter of 2018 following the decline of 2.1 per cent in the previous quarter that was the largest decline since 2012 Q2. Growth in overall prices (GDP deflator) remains subdued in Japan.
Recent contraction in the Japanese economy has been partially attributed to flood and earthquake events, affecting household consumption, investment and exports. For the fourth quarter, there were recovery in growth for private consumption, residential and non-residential investment. Exports were up 4.0 per cent for the quarter while imports increased 11.3 per cent.
ANNUAL 2018
For 2018, Japan's real GDP grew by 0.8 per cent a slower pace than growth of 1.9 per cent in 2017. Nominal GDP continued to expand at a slower pace than real GDP in 2018 with a 0.7 per cent increase in 2018.
Cabinet Office of Japan: Quarterly Estimates of GDP
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