{"id":4339,"date":"2018-11-14T02:58:09","date_gmt":"2018-11-14T02:58:09","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/japan-gdp-natural-disasters-hit-economic-growth\/"},"modified":"2018-11-14T02:58:09","modified_gmt":"2018-11-14T02:58:09","slug":"japan-gdp-natural-disasters-hit-economic-growth","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/japan-gdp-natural-disasters-hit-economic-growth\/","title":{"rendered":"Japan GDP: Natural disasters hit economic growth"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Pedestrians crowd in the main shopping street in the Dotonbori district of Osaka on March 28, 2015 in Osaka, Japan. (Photo by Fr\u00e9d\u00e9ric Soltan\/Corbis via Getty Images)\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/8BD0\/production\/_104329753_gettyimages-936886092-1.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Japan&#8217;s economy shrank in the third quarter as natural disasters hit spending and disrupted exports. <\/p>\n<p>The economy contracted by an annualised 1.2% between July and September, preliminary figures showed. <\/p>\n<p>A devastating earthquake and typhoon were among the disasters to hit Japan this year, and prompted the bigger than expected contraction. <\/p>\n<p>The slowdown also comes as the US and China fight a trade war which risks hurting global trade and growth.<\/p>\n<p>Economists polled by Reuters had forecast a 1% contraction for the three months to September. <\/p>\n<p>Exports fell 1.8% from the previous quarter, the fastest decline in more than three years, Reuters said.<\/p>\n<p>Japan was hit by several natural disasters over its summer, including one of the country&#8217;s <a href=\"https:\/\/www.bbc.co.uk\/news\/world-asia-44790193\" class=\"story-body__link\">worst flooding disasters in decades<\/a>, an earthquake and a deadly typhoon. <\/p>\n<p>The disasters disrupted factories and hit domestic spending. <\/p>\n<p>Rising trade tensions and protectionism could be a drag on future growth.   <\/p>\n<p>The US-China trade war could hit Japan particularly hard because of its important role in the global supply chain. <\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"http:\/\/www.bbc.co.uk\/news\/business-44529600\" class=\"story-body__link\">US-China trade row: What has happened so far?<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45899310\" class=\"story-body__link\">A quick guide to the US-China trade war<\/a><\/li>\n<\/ul>\n<p>Exports of car parts, electronics and industrial machinery are at risk of disruption if the trade battle escalates.  <\/p>\n<p>&#8220;Trade war uncertainties have begun to increase, we see some slowdown in Asia and that is gradually hitting Japan,&#8221; Kohei Iwahara, economist at Natixis Japan Securities, told AFP.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46203864\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Japan&#8217;s economy shrank in the third quarter as natural disasters hit spending and disrupted exports. The economy contracted by an annualised 1.2% between July and September, preliminary figures showed. A devastating earthquake and typhoon were among the disasters to hit Japan this year, and prompted the bigger than expected contraction. The &hellip; <\/p>\n","protected":false},"author":0,"featured_media":4340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4339"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4340"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}