TOKYO -- Japan's real gross domestic product shrank 1.2% from the prior month in February, according to data released on Wednesday by the Japan Center for Economic Research.
Seasonally adjusted GDP dipped to 526.35 trillion yen ($4.78 trillion) on an annualized basis, JCER said, marking a fourth straight month of contraction.
Weak exports to China, which had its Lunar New Year holidays in February, and to the U.S., which experienced a slump in economic activity due to cold weather, were partly responsible for Japan's GDP decline.
