Professor Mark J. Perry's Blog for Economics and Finance
FT.com -- Japan has climbed out of recession after the economy returned to growth in the second quarter, raising hopes that the worst of the financial crisis is over in the world’s second-largest economy. Data released on Monday showed that gross domestic product expanded 0.9% quarter-on-quarter on a seasonally adjusted basis, following four quarters of contraction. On an annualised basis, the economy grew 3.7%.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
"What wasn't mentioned is that GDP actually shrunk in nominal terms (i.e. more was produced, but sold for less) . . . how strong is end-user demand really if the price deflator increase GDP a full 1% quarter over quarter?"
Japan's Odd Q2 Positive GDP Print
A 1 quarter rise means their recession is over? That's a definition I've never seen before.
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