{"id":251,"date":"2016-11-14T22:56:23","date_gmt":"2016-11-14T22:56:23","guid":{"rendered":"http:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/?p=251"},"modified":"2016-11-14T22:56:23","modified_gmt":"2016-11-14T22:56:23","slug":"japan-economy-exports-help-faster-than-expected-growth","status":"publish","type":"post","link":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/2016\/11\/14\/japan-economy-exports-help-faster-than-expected-growth\/","title":{"rendered":"Japan economy: Exports help faster-than-expected growth"},"content":{"rendered":"

BBC:<\/strong><\/p>\n

Gross domestic product rose at an annualised rate of 2.2% in the three months to September, the third consecutive quarter of expansion.<\/p>\n

Japanese firms have relied on overseas sales to make up for lacklustre domestic demand.<\/p>\n

There are concerns a Donald Trump US presidency will hurt Japan if anti-free trade rhetoric became a reality.<\/p>\n

But since the election result, the yen has fallen against the dollar. That makes Japanese goods cheaper abroad, which is good news for the country’s exporters.<\/p>\n

The latest official data showed the world’s third-largest economy expanded by 0.5% compared with the three months to June – better than the forecast of 0.2% growth.<\/p>\n

Export reliance<\/h2>\n
\"JapaneseImage copyright<\/span>GETTY IMAGES<\/span><\/span>
Image caption<\/span>Is ‘Abenomics’ no longer working?<\/span><\/figcaption><\/figure>\n

It was some rare good news for Prime Minister Shinzo Abe’s projects to help stimulate the economy – dubbed Abenomics.<\/p>\n

However, analysts said this pace could not be sustained given Japan’s reliance on exports.<\/p>\n

“Consumption is barely there, and in capital expenditure there no growth … so Japan is relying very much on the outside,” Takuji Okubo, chief economist of Japan Macro Advisers, told the BBC.<\/p>\n

And Kohei Iwahara, an economist at Natixis Japan Securities, said the figures could be a “one-off windfall”, predicting a slowdown in the last three months of 2016.<\/p>\n

In August, Japan’s cabinet approved an economic stimulus package<\/a> worth more than 28 trillion yen ($275bn; \u00a3207bn) – Mr Abe’s latest attempt to boost growth through spending.<\/p>\n

However economists were largely disappointed with both its scope and likely impact.<\/p>\n

And last month Japan’s central bank again pushed back the timeline for hitting its 2% inflation target to March 2019 – a move that raised more questions about the country’s economic recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"

BBC: Gross domestic product rose at an annualised rate of 2.2% in the three months to September, the third consecutive quarter of expansion. Japanese firms have relied on overseas sales to make up for lacklustre domestic demand.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-251","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/comments?post=251"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/251\/revisions"}],"predecessor-version":[{"id":252,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/posts\/251\/revisions\/252"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/media?parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/categories?post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/eastasiaandoceaniablog\/wp-json\/wp\/v2\/tags?post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}