Japan’s GDP in Q2 revised upward

Tokyo, Sep 8 (IANS) Japan’s gross domestic product (GDP) in the second quarter of 2015 shrank an annualised 1.2 percent in inflation-adjusted terms, revised upward from an earlier-reported 1.6 percent decline, the government data showed on Tuesday.

Though the April-June contraction is better-than-expected, it still marks the first decline in three quarters, said the Cabinet Office, adding the GDP was down 0.3 percent on quarterly basis, Xinhua reported.

Private consumption, which accounts for around 60 percent of Japan’s GDP, dropped 0.7 percent, slightly upgraded from the preliminary data of 0.8 percent due to stronger sales of automotives and beverages.

Corporate capital spending, which the government sees as key to shoring up the economy, shed 0.9 percent, downgraded from a 0.1 percent decrease, while housing investment increased 1.9 percent, unchanged from the initial data.

Exports fell 4.4 percent and imports contracted 2.6 percent, both unchanged from the preliminary report.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here