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May 18, 2017JAPAN GDP 2017 Q1 (FIRST PRELIMINARY) Japan's real GDP increased by 2.2 per cent in the first quarter of 2017 (seasonally adjusted annualized rates) according to the first preliminary estimate released by the Government of Japan's Economic and Social Research Institute. This marks the fifth consecutive quarter of real GDP growth.
Nominal GDP growth declined 0.1 per cent in Q1 as price growth remains persistently weak in Japan.
Japan's first quarter real GDP growth results primarily from rising exports (+8.9%) and household consumption (+1.4%). Government consumption and inventories also made positive contributions. Residential investment increased 3.0 per cent and non-residential investment increased 0.9 per cent. Imports, a subtraction in the GDP calculation, increased 5.5 per cent.
Cabinet Office of Japan: Quarterly Estimates of GDP
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