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Japan economy again contracts in Q2 on weak domestic, overseas demand

Tue, Aug 18, 2015 - 5:50 AM

Consumption, the biggest component accounting for around 60 per cent of Japan's gross domestic product, fell by 0.8 per cent in real terms during the second quarter.

PHOTO: BLOOMBERG

Tokyo

JAPAN's economy contracted at an annual rate of 1.6 per cent in the second quarter of this year, according to data released on Monday. While the drop was somewhat less severe than economists in general had feared, it showed that the Japanese economy is still struggling to achieve...