Sunday, February 13, 2011

Japan's Lost Decade(s)

BusinessWeek details the latest:

Japan’s gross domestic product fell less than estimated in the fourth quarter in a pullback that may prove temporary as overseas demand revives production after the nation fell behind China as the world’s second-largest economy.

The annualized 1.1 percent drop in GDP in the three months through December was driven by a slowing in exports and fading of government stimulus programs, Cabinet Office figures showed today in Tokyo. The median forecast of 26 economists surveyed by Bloomberg News was for a 2 percent drop.

Source: ESRI


  1. This should look rather less dramatic if you consider the GDP per capita instead.

  2. unfortunaltey for japan, you can't pay back your nominal debt with per capita real gdp