June 8, 2020 / 12:01 AM / a month ago

Japan Q1 GDP revised up to 2.2% annualised contraction

TOKYO, June 8 (Reuters) - Japan’s economy shrank an annualised 2.2% in January-March, less than the initial estimate of a 3.4% contraction, revised data from the Cabinet Office showed Monday.

The revised figure for gross domestic product compared with economists’ median forecast for a 2.1% contraction in a Reuters poll.

On a quarter-on-quarter basis GDP shrank 0.6% compared with a 0.9% contraction in the initial reading and a median forecast of a 0.5% fall.

For background, please see this POLL

For the full tables on the Cabinet Office’s website:

here (Reporting by Kaori Kaneko Editing by Chang-Ran Kim)

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