Economic Buzz: Japan GDP Declines 0.5% On Year

8 Jun 2022 , 12:19 PM

Japans gross domestic product contracted an annualized 0.5 percent on year in the first quarter of 2022, the Cabinet Office said – beating forecasts for a decline of 1.0 percent following the 3.8 percent increase in the previous three months.On a seasonally adjusted quarterly basis, GDP slipped 0.1 percent. GDP capital expenditure fell 0.7 percent on quarter. External demand slipped 0.4 percent on quarter.Powered by Commodity Insights