Kyodo news agency said 14 released in Japan in the fourth quarter of 2010 (10-12 months) real GDP decreased 0.3% sequentially, which translates into annual interest rate of 1.1% in the five quarters negative growth again.
According to the U.S. economy shrank by 1.1% in the fourth quarter, Japan's annual economic output in 2010 are affected, as inferior to the third largest after China and the U.S. economy. Caused by the economic downturn in Japan in the fourth quarter of factors including the environmental impact of cars auto sales end subsidies, the implementation of new tobacco taxes and a stronger yen caused the decline in exports. Previously, economists predict the economy will shrink Japan's fourth quarter, 2.4%, but in the end of the economic data remain to be further amended.
Kyodo News Agency February 14 news, 14, the Cabinet Office data released in 2010, Japan's nominal GDP is $ 5,474,200,000,000, less than the 404.4 billion U.S. dollars in China, ranking third in the world.
report commented that Japan's economic downturn and the rapid growth of China's economy in sharp contrast, China became the world's second largest economy. Since then, Japan ended the 40 years after the United States after World War II
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