Japan’s economy slowed in the last quarter of 2017

14 Feb 18

Japan’s economic growth slowed in the last quarter of 2017 to 0.5%, falling from a pace of 2.5% in the previous quarter, according to preliminary figures. 

But the country has still recorded the longest growth streak for 28 years, with eight consecutive quarters of economic growth.

The growth is below the median forecast of 0.9% from economists polled by Reuters.

This expansion followed a revised 2.2% annualised increase in July to September. The economy grew a real 1.6% in the calendar year 2017, the fastest increase since 2013, which saw an expansion of 2.0%.

Last month, Japan pushed back its fiscal targets and said it was expecting a primary budget surplus by 2027, two years later than previously projected.

According to the latest forecasts, the government expects to achieve a primary budget surplus of 800bn yen ($7.23bn) in the fiscal year 2027.

 

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