Japan's September GDP falls 2.1%, largest dip in 17 months: JCER

Think tank sees Q3 contraction of 2.7% due to weak demand and supply-side woes

A slowdown in car production caused by a global chip shortage has hit exports from Japan. © Getty Images

Nikkei staff writers

November 8, 2021 20:53 JST

TOKYO -- Japan's gross domestic product dipped 2.1% on the month in September after adjusting for inflation, the Japan Center for Economic Research said Monday.

The center now expects the country's GDP to fall by 2.7% in the July-September period over the previous quarter, after expanding by 1.9% in April-June quarter from the three months preceding. Japan's Cabinet Office is set to announce the third-quarter figure on Nov. 15.