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Japan

Author

Listed:
  • Rodica Velciu

Abstract

The recovery of Japanese economy has slowed down the peace in the second half of year 2013 reflecting a slowing of exports despite the depreciation of the yen. Domestic demand growth has remained robust and household consumtion was temporarily boosted in anticipation of the hike of consumtion tax rate from 5% to 8% in April 2014. In 2013, real GDP picked up by around 1,5%, mainly supported by public consumtion. The OECD forecasts reveal a slowdown of growth in 2014-2015, due to a lower dynamics of domestic demand.

Suggested Citation

  • Rodica Velciu, 2014. "Japan," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009582003
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