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September 08, 2023JAPAN GDP Q2 2023 (SECOND PRELIMINARY) 
The Japanese economy expanded at a seasonally adjusted annualized rate of 4.8% in the second quarter of 2023. The Japanese economy has reported growth in three consecutive quarters for the first time since Q1-Q3 of 2019.
Japan's economic growth came despite a decline in real household consumption. Rising exports coupled with declining imports have been particularly strong contributors to Japan's economic growth as the value of the yen has depreciated. Other categories also contributed to growth: higher government spending along with increases in residential and public investment. After revisions, non-residential investment declined in Q2 2023.
Japan's nominal GDP increased by 11.4% (seasonally adjusted annualized rate) in Q2 2023. Japan's price deflator for real GDP (the broad measure of price growth) increased at a seasonally adjusted annualized rate of 6.4% in Q2 2023.
Cabinet Office of Japan: Quarterly Estimates of GDP
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