Japan's third quarter GDP ring is expected to shrink by 1%.

                                                                                    INQUIRY

      Japan's economy is expected to shrink in the third quarter after natural disasters affected production and slowing overseas demand dragged on exports, according to a survey released on Tuesday.
Strong typhoons in Western Japan and severe earthquakes in Hokkaido have forced some factories and major airports to close temporarily.
Analysts believe that Japan's economy will recover from the setbacks caused by natural disasters in the third quarter, but the decline in global economic momentum poses growth risks.
They also said that the spillover effect of trade disputes between the United States and China is also worrying.
Gross domestic product (GDP) grew at an annualized rate of 3.0% in April-June, the fastest growth since 2016, due to strong capital expenditure. However, the economy is expected to shrink by 0.3% in July-September compared with the previous quarter, and the annualized rate is expected to decline by 1.0%.
"Data may indicate that the economy is stagnant." The first economic analyst at the Institute of life economics, new home Yi GUI, said.
He believes that the economy is still recovering, driven by the corporate sector, but points out that slowing exports is a major concern because some overseas markets are softening.


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