Japan’s GDP shrank by 1.4 percent between October and December – Yahoo Finance Spain

Tokyo, February 15 (EFE) .- The gross domestic product (GDP) contracted in Japan between October and December 2015, a 1.4 percent pace year due to the fall in domestic consumption and exports, according to data released today by the Japanese government.

at the same time, GDP decreased by 0.4 percent compared to the period from July and August.

the third world economy and back into negative territory after the previous quarter of 2015 the indicator grew 1 percent year on year and 0.3 percent on-quarter.

data for October-December third quarter of fiscal 2015 Japan show that household consumption fell 0.8 percent from the previous quarter.

This component, which represents about 60 percent of gross domestic product Japan, it fell mainly due to weak sales of wearing the winter season, according to the executive.

“the record high temperatures were recorded this winter has caused fall clothing sales, and this has weighed heavily on domestic consumption, “said Japanese Finance Minister Nobuteru Ishihara, told national media.

exports, another engine Japan’s economy, fell 0.9 percent following the decline in demand in the US and in China and other emerging economies.

on the positive section highlights increased investment capital of 1.4 percent, the pieces that the current government of Prime Minister Shinzo Abe has set enabled to stimulate recovery.

in this sense, Ishihara said that “the fundamentals of the economy Japanese are good, “adding that it” continues its trend of moderate recovery. “

the Japanese owner, however, admitted that there are” risks to be monitored “as” China’s situation and other countries with natural resources, and the movements of the markets. “

Although the new contraction is below the forecasts of local analysts, these developments put back into question the effectiveness of” Abenomics “the economic reform program driven by Abe to start a cycle of growth.

Since the coming to power of the conservative prime minister in late 2012, the Japanese economy has experienced ups and downs, and fell into recession technique between April and September 2014 following the entry into force of the increase in consumption tax

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