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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

June 08, 2020
JAPAN GDP 2020 Q1 (SECOND PRELIMINARY)

The Japanese economy declined in Q1 2020 with a revised decline (seasonally adjusted annualized rate) of 2.2 per cent, up from a preliminary estimate of -3.4 per cent. 

Japan's nominal GDP was down 1.9 per cent in Q1 2020, revised up from -3.1 per cent.                                                         

Japan's declining GDP is attributable to declining household consumption as well as residential and public investment. Exports and imports also declined in Q1 2020. Non-residential investment and government consumption were up in Q1.  

 

 

Cabinet Office of Japan: Quarterly Estimates of GDP: Real, Nominal



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