Japan – 2Q GDP – Revised
10/09/2019 09:57 am MYT
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In the second estimate, Japan’s 2Q 2019 real GDP growth was revised downward from the first estimate last month. Real GDP rose by a seasonally adjusted annual rate of 1.1%, instead of the 1.7% estimated last month – see figure 1. This was mainly due to a lower private non-residential investment growth – see table 1. Similarly, on a year-on-year basis, real GDP growth was revised downward to 1.0% from the 1.2% rise estimated earlier.

 

In the first half of 2019, Japan’s economy grew by 1.0%. i Capital maintains its forecast for Japan’s economic growth for the whole of 2019 to be in the range of 0.6-1.0%.

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Soon, we will enter the Year of the Rat. The Rat is the first of all the zodiac animals and represents the start of a 12-year cycle. According to Chinese myth, when the Jade Emperor organised a race to determine the order of the zodiac, the Ox ran the fastest, but the Rat tricked the Ox into giving him a ride. When they arrived at the finish line, the Rat jumped down from the back of the Ox and landed first. So, the Rat is associated with shrewdness and quick thinking. It also symbolises wealth because of their reproduction rate.

For Malaysians, who have been experiencing a fast deterioration in their well-being, we certainly hope that the Year of the Rat will bring a change of luck. Well, the fortune of Malaysia lies in the hands of all Malaysians. Life is what you make it. As the politicians are failing the people, Malaysians certainly need all the shrewdness of the Rat to fend for themselves.
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