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Thomas Storring Director of Economics/Statistics
Tel: 902-424-2410Email:

September 11, 2017

Japan's real GDP increased by 2.5 per cent in the second 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. This is a downward revision from the preliminary result of 4.0 per cent growth. This marks the sixth consecutive quarter of real GDP growth at an average pace of 1.7 per cent over this time. 

Nominal GDP grew 3.0 per cent in Q2 as price growth remains weak in Japan, revised down from 4.6 per cent in the preliminary results.

Real private consumption, at around 55 per cent of total GDP, grew 3.4 per cent in the quarter; government consumption was up 1.6 per cent. Investments were up with residential (+5.1%), non-residential (+2.1%) and public investment (26.1%) all increasing in the quarter. Exports were down 1.9 per cent and imports rose 5.7 per cent in Q2. Lower non-residential investment accounted for most of the downward revision compared to the preliminary estimate.


Cabinet Office of Japan: Quarterly Estimates of GDP

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