The Japanese economy shrank an annualized 1.2 percent quarter-on-quarter in the three months to September 2018, worse than market forecasts of a 1 percent contraction and following a 3 percent expansion in the previous period. The fall in economic activity was driven by a decline in both private and public demand and a negative contribution from net external demand. GDP Growth Annualized in Japan averaged 2.07 percent from 1980 until 2018, reaching an all time high of 12.90 percent in the fourth quarter of 1989 and a record low of -18.10 percent in the first quarter of 2009.
GDP Growth Annualized in Japan is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Japan to stand at 1.28 in 12 months time. In the long-term, the Japan GDP Growth Annualized is projected to trend around 2.90 percent in 2020, according to our econometric models.