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MNI BRIEF: Japan's Q3 GDP Falls For First Time in 4 Quarters

(MNI) Tokyo
(MNI) Tokyo

Japan's economy contracted for the first time in four quarters during the third quarter due to weaker net exports, although private consumption and capital investment rose, preliminary GDP data released by the Cabinet Office Tuesday showed.

Third quarter GDP fell 0.3% q/q, or an annualized -1.2%, following a revised 1.1% q/q, or an annualized revised 4.6% in the second quarter of 2022.

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Japan's economy contracted for the first time in four quarters during the third quarter due to weaker net exports, although private consumption and capital investment rose, preliminary GDP data released by the Cabinet Office Tuesday showed.

Third quarter GDP fell 0.3% q/q, or an annualized -1.2%, following a revised 1.1% q/q, or an annualized revised 4.6% in the second quarter of 2022.

Keep reading...Show less