TOKYO -- Japan's real gross domestic product shrank 0.4% on the month in September, the Japan Center for Economic Research said Monday.
Significantly reduced business inventories pushed GDP down by 0.5 percentage point, the center estimated. Consumer spending decreased 0.5% and public works spending fell 9.5%.
Meanwhile, private-sector capital investment increased 2.9%. Exports rose 3.4% and imports climbed 1.9%. Foreign demand -- calculated by subtracting imports from exports -- pushed GDP upward by 0.3 point.