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Japan’s GDP Expands as Imports Fall Faster Than Exports
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Japan's Unexpected GDP Growth Comes With Reasons for Caution
Another reason for caution is that the figures released Monday offer a preliminary reading of Japan’s economy, and they are often significantly different when revised results are released in the following weeks. Gross domestic product expanded an annualized 2.1% in the three months through March, according to a Cabinet Office report. Key InsightsImports fell 4.6% from the previous quarter, versus a 2.4% decline in exports, resulting in the biggest contribution to the expansion of GDP, according to Cabinet Office officials.
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Japan’s GDP Expands as Imports Fall Faster Than Exports
Gross domestic product expanded an annualized 2.1% in the three months through March, according to a Cabinet Office report Monday. Key InsightsImports fell 4.6% from the previous the quarter, versus a 2.4% decline in exports, resulting in the biggest contribution to the expansion of GDP, according to Cabinet Office officials. The drop in imports was led by crude oil and natural gas, they said.Slowing global growth--especially in China, Japan’s biggest market--and rising trade tensions have hit corporate sentiment and business investment, which had supported Japan’s economy for most of the past two years.
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