Traditional Culture Encyclopedia - Travel guide - Advantages and disadvantages of Japanese tourism
Advantages and disadvantages of Japanese tourism
Japan's economic situation in 20 18: The Cabinet Office of Japan released the GDP report for the fourth quarter of 20 18. Excluding price changes, the real economic growth rate increased by 0.3% month-on-month, equivalent to an annual rate of 1.4%. Japanese economic circles are glad that the impact of natural disasters on personal consumption in the summer of 20 18 has been alleviated, and domestic demand has rebounded to boost the economy. At the same time, they also show great concern about the prospects of the international economic situation. Looking at the economic changes in the fourth quarter of 20 18, the total GDP increased by 0.6% driven by domestic demand, especially the personal consumption, which accounted for nearly 60% of GDP, increased by 0.6% month-on-month, which was in obvious contrast with the negative growth of 0.2% in the previous quarter. Services such as catering, accommodation, aviation and entertainment have recovered obviously, and automobile consumption has also increased, indicating that natural disasters in the summer of 20 18 have affected personal consumption. Residential investment increased by 1. 1%, achieving two consecutive quarters of growth, and private equipment investment increased by 2.4%, of which machinery and equipment investment in manufacturing contributed a lot.
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