Japan Export Gains Set Stage for Growth in 2011: Chart of Day
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Japan’s exporters increased their role in the economy over the past six quarters, setting the stage for a sustained expansion next year as the yen weakens and global demand rises, said Goldman Sachs Group Inc.
The CHART OF THE DAY shows exports as a ratio of Japan’s gross domestic product have been gaining and the portion of private consumption decreasing since the first quarter of 2009 during the global financial crisis. Exports expanded to 16 percent of GDP in the third quarter from 12 percent, while private consumption shrank to 57 percent from 59 percent. The chart also shows quarterly changes in GDP.