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Japan's April GDP down 0.3% on declining exports: JCER

Private consumption rose 0.3% on high spending for food, travel

Japan's economy marked the first contraction in three months in April, according to JCER's latest report. (Photo by Mizuho Miyazaki)

TOKYO -- Japan's seasonally adjusted real gross domestic product dropped 0.3% in April from March due to weak exports, the Japan Center for Economic Research said in a report released on Friday, registering the first contraction in three months.

April's exports declined 5.1% from the previous month, primarily due to China's coronavirus lockdowns, which slowed down production and sales activities in the country. Exports to China dropped 11.6%, while those to other parts of Asia increased 1.4%.

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