TOKYO (Reuters) – Japan’s economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday.
The additional revision for gross domestic product (GDP) compared with economists’ median forecast for a 2.8% contraction in a Reuters poll.
On a quarter-on-quarter basis GDP shrank 0.6%, also unchanged from the second preliminary reading and compared with a median forecast for a 0.7% fall.
The government published additional revisions to GDP for the January-March quarter reflecting revised capital spending data from the finance ministry, which had initially drawn fewer respondents than usual due to coronavirus-related disruptions.
For background, please see this POLL
For the full tables on the Cabinet Office’s website:
https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html
(Reporting by Kaori Kaneko; Editing by Chang-Ran Kim)
