Japan's GDP down 1.0% in June: JCER

Weak consumption and corporate investment see economy shrink 3rd straight month

20210810 Japan Tokyo port

Japan's economy contracted for a third straight month in June. © Reuters

Nikkei staff writers

TOKYO -- Japan's inflation-adjusted gross domestic product fell 1.0% in June from the previous month, according to data released Tuesday by the Japan Center for Economic Research.

With the latest estimates, JCER forecasts Japan's GDP contracted 0.9% in the April to June quarter versus the previous three months.

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