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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Note from Publisher
i Capital will not be published for the issue dated 19 – 25 Sep, 2019. However, during this period, www.icapital.biz will be updated as usual. Our office’s operating hours will not be affected. Volume 31, number 6 of i Capital will hence be dated 26 Sep – 2 Oct, 2019.

The haze is back. According to the Department of Environment’s Air Pollutant Index (API), the API readings have reached unhealthy levels in many parts of Malaysia; some have even reached “very unhealthy” levels. This health hazard has plagued Malaysia, Indonesia, and Singapore for decades. Although forest fires caused by extreme dry weather play a part in the problem, the habit of Indonesian farmers using fire to clear land has been the main culprit. While the Amazon rainforest fires have caught global attention and the Brazilian government was under heavy criticism from the global community, the Indonesian government has received much kinder treatments from her neighbours and indiffercne from the global community. Apart from apologising, the Indonesian government really needs to put a stop to this perennial health and safety hazards that have been affecting millions of people.

Meanwhile, shareowners of icapital.biz Bhd are reminded to attend the 15th AGM on 21 Sep at the Sime Darby Convention Centre, Kuala Lumpur.
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