Japan’s GDP falls by 0.7%

Japan\'s GDP contracted by 0.7% in the second quarter, on a quarter-on-quarter basis. The fall was greater than the 0.6% first estimated, and contributed to a year-on-year decline of 3%. This downwards revision was the result of an increased drop in private non-residential investment, which fell by 0.5% compared with 0.2% previously. Exports were also revised down, from a fall of 2.3% to 2.5%.


Japan’s GDP contracted by 0.7% in the second quarter, on a quarter-on-quarter basis. The fall was greater than the 0.6% first estimated, and contributed to a year-on-year decline of 3%. This downwards revision was the result of an increased drop in private non-residential investment, which fell by 0.5% compared with 0.2% previously. Exports were also revised down, from a fall of 2.3% to 2.5%.