The results were below the expectations of economists, who had predicted that growth would slow, but less quickly. The performance was a sharp drop from the previous quarter, when the economy grew at a revised rate of 1. But the numbers on Thursday suggest that Japan may not be able to fend off looming threats to its growth for much longer. Exports are plummeting, consumption is slowing and Japanese companies are facing a weak dollar, which erodes their profits and makes their products more expensive overseas. That leaves Japan with very few options for shoring up its flagging economy.
The Japanese fiscal year starts on April 1 st through to March 31 st of the following year. The largest industries are agriculture and fishing, manufacturing, and tourism among others. Japan's GDP per sector is as follows: services The unemployment rate is 2. Japan is the third largest automobile manufacturing country, and they form the leading export goods for the country. Japan is the third-largest importer of agricultural products and liquefied natural gas, and the largest importer of coal. Japan imports its products from China, which accounts for
Japan's economy grew much faster in third quarter than first estimated
The economy expanded in the July-September quarter at a much faster pace than initially reported, driven by stronger capital investment and private consumption ahead of the Oct. Gross domestic product grew at an annualized pace of 1. The result was stronger than all the projections of economists surveyed by Bloomberg. The median forecast was for a 0.
The economy of Japan is a highly developed free- market economy. The Japanese economy is forecast by the Quarterly Tankan survey of business sentiment conducted by the Bank of Japan. Japan is the world's third largest automobile manufacturing country ,  has the largest electronics goods industry , and is often ranked among the world's most innovative countries leading several measures of global patent filings.