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Japan GDP Shrinks — Again

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By Douglas A. McIntyre Updated Published
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Economic data issued by the Japanese government proved what many economists have feared. Japan, the world’s third largest nation by GDP, has gone into a recession, joining the largest area by GDP-the Eurozone. Add this to America, where growth has been barely 2%, and almost the entire developed world continues to struggle mightily.

The Japan Cabinet Office issued fourth quarter figures which showed a GDP drop of 0.1% compared to the third quarter, and 0.4% on an annual basis.

In a summary and translation of that announcement, MarketWatch reporters wrote:

Japan’s economy chalked up a third quarter of contraction in the
October-December period, the Cabinet Office reported Thursday, with gross
domestic product shrinking 0.1%, or a drop of 0.4% on an annualized basis. The
result confounded expectations for a 0.1% rise in GDP, according to separate Dow
Jones Newswires and Reuters surveys. Still, the contraction was smaller than the
3.5% annualized fall in July-September. Nikkei Stock Average futures pared their
gains in premarket trade in Singapore after the data, though the Japanese yen
showed muted reaction.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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