ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Japan admits overstating GDP component data for years

PM Kishida calls practice 'regrettable' as analysts weigh impact

The Japanese government overstated data received from the construction industry for years, according to Prime Minister Fumio Kishida.   © Reuters

TOKYO (Reuters) -- The Japanese government overstated construction orders data received from the industry for years, Prime Minister Fumio Kishida said on Wednesday, in a practice that may have had the effect of inflating the country's economic growth figures.

Kishida made the comment in a parliamentary session after an Asahi newspaper report that the Ministry of Land, Infrastructure, Transport and Tourism had been "rewriting" data received from about 12,000 select companies since 2013 at a pace of about 10,000 entries per year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more