Japan in the third quarter, the economy fell 0.9%

The Cabinet Office announced on the 12th of the third quarter of 2012 (July to September), the initial values ​​of the gross domestic product (GDP), discounting price changes, real GDP fell 0.9% from the previous quarter at an annual rate of conversion is decreased by 3.5 %, three quarters of negative growth for the first time since. The last quarter of Japan's GDP growth of 0.3% per annum. The global economic slowdown led to the export slump, caused by the third quarter of Japan's GDP to drop sharply, the Japanese economy has entered a recession.

According to Japan's Kyodo News "news, Prime Minister Yoshihiko Noda said in the House of Representatives Budget Committee meeting:" Data is not optimistic. Efforts to cope with a sense of crisis. "He stressed that the economic stimulus measures enacted in November, go all out to promote economy to the good.

Exports representing a significant year-on-year decrease of 5.0%. Affected by the deteriorating relations between Japan and the first negative growth in exports to China since three quarters. Subsidies for the purchase of environmentally friendly vehicles after car sales decline, combined with poor TV sales, personal consumption fell 0.5%, has shrunk for two consecutive quarters. In addition, the tightening of corporate capital spending (investment in equipment) trend, year-on-year decrease of 3.2%, after a lapse of a quarter of negative growth, resulting in an overall decline in the level of GDP.

East Japan Earthquake reconstruction demand driven, public investment increased by 4.0% in the previous quarter, to maintain growth for three consecutive quarters; residential investment to maintain growth for two consecutive months, an increase of 0.9%, but a limited effect in boosting the economy.