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Japan's August GDP dips 0.3% for first time in 3 months: JCER

Sluggish machinery and electrical exports to China and Europe drag on economy

Sluggish exports cast a shadow over Japan's economy.   © Reuters

TOKYO -- Japan's inflation-adjusted gross domestic product shrank 0.3% in August from July as exports to China and Europe fell and as local demand remains sluggish, the Japan Center for Economic Research said in a report released on Tuesday.

It is the first month-on-month contraction since May for the world's third-largest economy, owing largely to external factors, JCER said.

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