You are here

Japan's Q1 GDP growth less than earlier estimated

Real growth in Q1 was just 1%, half the 2.2% estimate announced by Tokyo on May 18

The Cabinet Office blamed the lower-than-estimated Q1 GDP growth on a steep drop in stocks of oil held by wholesalers - a drop caused by import cuts when oil prices started rising.


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to