Japan's Q1 GDP Grows 1.8% as Business Investment Falls 0.7%
Updated
Updated · Bloomberg · Jun 7
Japan's Q1 GDP Grows 1.8% as Business Investment Falls 0.7%
2 articles · Updated · Bloomberg · Jun 7
Summary
Japan’s real GDP expanded at an annualized 1.8% in the first quarter, slower than the initial 2.1% estimate but still showing solid growth.
Business investment was revised down to a 0.7% quarter-on-quarter decline from an earlier 0.3% gain, after turbulence in Iran prompted companies to cut spending plans.
The downgrade suggests external geopolitical shocks are starting to weigh on corporate activity even as the broader economy kept growing at the start of the year.