Japan Economic Indicators
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According to latest reports on Japan economic indicators this Asian nation has foreign reserves that are worth$1.009 trillion as of February 2009. Japanese economic indicators have revealed that national economy would be finding it hard to survive in fiscal 2009 from aftereffects of global financial downturn. This has been corroborated by Prime Minister of Japan.
Japan’s economic indicators have shown that levels of investment made by business houses have come down. Information from economic indicators of Japan provides that Japan could be facing its worst recession after Second World War.
There has been a decline of 17.3 percent in fourth quarter of 2008 fiscal in investments made by commercial establishments of Japan, as revealed by reports on economic indicators at Japan.
It was previously announced by economists in Japan that in 2008 fiscal there would be a yearly reduction of 12.7 percent. However, economic indicators in Japan have shown that rate of depreciation in fourth quarter of 2008 fiscal has exceeded this projected rate itself.
It is being predicted that maximum rate of decline could be 14.8 percent. Economic indicators for Japan have shown that manufacturing sector of Japanese economy has been hit hard with manufacturers of consumer electronics and cars being ones who were affected most.
As per Japan economic indicators exports for January 2009 have become half of what they were in January 2008. As per latest economic reports on Japan almost all major Japan economic indicators have been on a downward slope.
As of fourth quarter of 2008 Japan’s economy depreciated at a rate of 13.8 percent for that financial year according to estimates of Takehiro Sato, an economist with Morgan Stanley. This would be reflected in Japan economic indicators.
Japan economic indicators have revealed that sales of Japanese companies have gone down at a rate of 11.6 percent in quarter that ended on December 2008. Rate of decline in pretax profits was 64 percent and it was 18th consecutive month that this had happened. There was depreciation in manufacturing sector at rate of 94 percent. This made manufacturing sector worst affected.
