TOKYO (Reuters) – Japan’s economic system shrank greater than anticipated within the first quarter, the federal government mentioned in a uncommon unscheduled revision to gross home product (GDP) information on Monday, darkening prospects for a fragile restoration.
Japan’s actual GDP shrank an annualised 2.9% in January-March, down from an earlier estimate of a 1.8% contraction, the revised information confirmed.
The actual GDP for the October-December interval was additionally revised right down to an annualised 0.1% development versus the earlier 0.4% enhance, whereas that for the July-September interval was revised right down to an annualised 4.0% decline from the earlier 3.7% drop.