Japan's Q1 GDP growth less than earlier estimated

Tokyo

THE recent run of positive news on Japan's economy was interrupted on Thursday by a government announcement that the country's gross domestic product (GDP) growth in the first quarter was less than half the level originally announced, owing to inventory adjustments.

Real or inflation-adjusted growth in the January-to-March period was just one per cent, rather than the initially estimated 2.2 per cent announced on May 18, the Cabinet Office said.