| theRepublic said: @Ajax GDP and unemployment rates are better indicators of economic health than just looking at stock markets. |
TOKYO, Sept. 12 -- Japan's Gross Domestic Product (GDP)registered an annualized 3.0 percent decrease in real terms in the April-June quarter, down from a 2.4 percent fall in the preliminary report, the Cabinet office said Friday.
In nominal terms, the Japanese economy went down 0.8 percent from the previous quarter, or 3.3 percent on an annualized basis, in the second quarter of 2008, the government body said.
GDP is the total market value of the goods and services produced domestically during a specific period of time. Real GDP figures are adjusted for changes in the value of money or assessed by purchasing power.
http://news.xinhuanet.com/english/2008-09/12/content_9937072.htm
