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Japan April-June GDP revised downward to -3.0% annualized

September 12, 2008
By Ken Worsley


Just a few minutes ago, the Cabinet Office released its revisions to the April-June GDP data. The preliminary data saw the economy shrinking 0.6% for the quarter, or 2.4% annualized, while the revision shows a 0.7% quarterly drop, or 3.0% annualized.

Where were the revisions? It seems as though private demand and private investment were lower than what the government first thought. Exports also fell from -2.3% to -2.5%.

Filed Under Cabinet Office, Economic Reports, GDP 

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Comments

2 Responses to “Japan April-June GDP revised downward to -3.0% annualized”

  1. Matt on September 14th, 2008 4:30 am

    This didn’t change the picture much. The things that were weak just ended up being a little bit weaker, right?

  2. Ken Worsley on September 14th, 2008 4:54 am

    The overall picture is little changed, though the original was higher than expected here. And, the revision was not as severe as some surveys had predicted. It will be revised again in a few months…

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