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MNI BRIEF: Japan Q1 GDP Revised Lower On Public Investment

(MNI) Tokyo
(MNI) TOKYO

Japan's Q1 economy contracted at a faster pace than previously estimated as public investment was revised lower, updated data released by the Cabinet Office showed on Monday.

The economy contracted 0.7% q/q, or annualized -2.9%, compared previous estimates of -0.5% q/q and an annualized -1.8%.

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Japan's Q1 economy contracted at a faster pace than previously estimated as public investment was revised lower, updated data released by the Cabinet Office showed on Monday.

The economy contracted 0.7% q/q, or annualized -2.9%, compared previous estimates of -0.5% q/q and an annualized -1.8%.

Keep reading...Show less