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Economy

Japan GDP shrinks 0.9% in August from previous month: JCER

Decline in automobile production pulls down consumption and exports

Automobile production fell in Japan in August from a month earlier.   © Reuters

TOKYO -- Japan's real gross domestic product contracted 0.9% in August from the previous month, according to data released on Monday by the Japan Center for Economic Research.

The contraction -- the first in three months -- was driven by a fall in domestic demand. Household consumption fell 0.9% while corporate capital investment declined 1.7% in August from a month ago.

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