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Economy

Japan's GDP down 2.1% in May: JCER

Weak exports put a drag on the economy

Japan's exports decreased 3.8% in May, slowing the overall economy, according to the Japan Center for Economic Research.   © Reuters

TOKYO -- Japan's real gross domestic product fell 2.1% on the month in May, according to seasonally adjusted estimates published on Tuesday by the Japan Center for Economic Research.

With exports shrinking 3.8%, external demand pushed down the overall figure by 1.8 percentage points.

Domestic demand also lacked momentum, with consumer spending edging down 0.2% and capital investment sliding 2.1%.

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