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Economy

Japan GDP shrinks 0.2% in May

 TOKYO -- Gross domestic product in Japan in May contracted 0.2% in real terms from the previous month, the Japan Center for Economic Research said Wednesday.

     The second consecutive month-to-month contraction was blamed on a sharp 5.2% decrease in exports, especially those to the U.S. and China.

     Capital spending showed a decline of 0.2 %. It was the first time in three months that capital spending has shrunk.

     Consumer spending increased 0.6%, the first gain in two months.

(Nikkei)

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