Rate of Japan GDP growth has been pretty steady over last few financial years. In first quarter of financial year 2008, rate of real GDP growth was around 3.2 percent. But in second quarter of that same financial year, Japanese GDP growth has been reversed and at present GDP has fallen by 2.4 percent.
In fourth quarter of financial year 2007, rate of growth of real gross domestic product of Japan had been 2.4 percent and in third quarter of that same fiscal rate of growth was 1 percent.
Real GDP growth in Japan
Japan has had a steady growth rate, with minor fluctuations here and there, as far as its real gross domestic product is concerned. In financial year 2003, there was a decrease of 0.30 percent and in fiscal 2004 there was an increase of about 2.70 percent. In financial year 2005, this rate went up to 2.90 percent and in next fiscal same rate cam down a bit to 2.60 percent. In financial year 2007, rate fell further down to 2.20 percent and in fiscal 2008, it rate went further down to 1.90 percent.
Nominal GDP growth in Japan
In first quarter of financial year 2008, rate of growth of nominal gross domestic product of Japan had been 1 percent. But in second quarter of that same fiscal, there was a decrease in rate of 2.7 percent. In fourth quarter, there was a decrease in nominal gross domestic product at a rate of 0.5 percent.
Consumer price index GDP growth in Japan
With regard to consumer price index, gross domestic product of Japan has grown at a rate of 1.9 percent in second quarter of financial year 2008. However, in first quarter, rate of growth of Japanese gross domestic product was a little lesser at 1.2 percent. In fourth quarter of financial year 2007, rate of growth of gross domestic product was 0.8 percent. But in third quarter of that financial year there had been a decrease of 0.1 percent in consumer price index GDP growth.
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