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June 08, 2017JAPAN GDP 2017 Q1 (SECOND PRELIMINARY) Japan's real GDP increased by 1.0 per cent in the first quarter of 2017 (seasonally adjusted annualized rates) according to the second preliminary estimate released by the Government of Japan's Economic and Social Research Institute, a downward revision compared to the first estimate of 2.2 per cent. This marks the fifth consecutive quarter of real GDP growth.
Nominal GDP growth declined 1.2 per cent in Q1 as price growth remains persistently weak in Japan.
Japan's first quarter real GDP growth results primarily from rising exports (+8.7%) and household consumption (+1.1%). Government consumption was unchanged. Residential investment increased 1.1 per cent and non-residential investment increased 2.5 per cent. Imports, a subtraction in the GDP calculation, increased 5.6 per cent.
Cabinet Office of Japan: Quarterly Estimates of GDP
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