Thursday 12 December 2019

Japan Economy grew faster than estimated in 3rd quarter

The economy that Japan has is a highly developed free-market economy. It is the 3rd largest in the world by nominal GDP and the 4th largest by purchasing power parity. It is the world's second largest developed economy. Japan is certainly a member of the G7.

India will surpass Japan in terms of gross domestic product in 2029. This means that it will become the world's third-largest economy. This is what the Japan Center for Economic Research says. Urban population and tech industry drive rapid growth in the South Asian country.

JAL is the main airline of Japan. Japan Airlines, J-Air, JAL Express, and Japan Transocean Air are members of the Oneworld airline alliance network. JAL was established in 1951 and became the national airline of Japan in 1953.

Although certain legends have it that Japan was founded in 660BC, archaeologists agree that settlement in the Japanese archpelago dates back as far as 100,000 years. The Jomon Period (8000-c.300BC) is the earliest that has been expertly studied. It is named after the 'jomon' or cord-marked pattern style of pottery of this particular period.

Japan’s economy actually grew much faster in the 3rd quarter than estimated at first. The July-September quarter was interesting. The economy expanded quickly.

Domestic demand is continuing to power the intense growth in Japan. Globally, there is some slowdown. Capital spending was the key driver for the upward revision.

Business investment and private consumption rose better than previously forecasted.

Interesting Japan News Links:

1 comment:

  1. Automobile manufacturing in Japan is profitable. Japan is the 3rd biggest producer of automobiles in the world. Toyota is currently the world largest car maker. The Japanese car makers Nissan, Honda, Suzuki, and Mazda are also some of the largest car makers in the world.

    Mining and petroleum exploration is interesting in Japan. Japan's mining production has not been much. Japan has very little mining deposits. However, some massive deposits of rare earths have been found off the coast of Japan.