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Economy

Japan's GDP down 0.1% in July

TOKYO -- Japan's real gross domestic product contracted 0.1% from the previous month in July, the Japan Center for Economic Research said Tuesday.

     The fourth straight monthly drop stemmed from sluggish foreign demand. Exports grew only 0.6% during the month, while imports climbed 1.8%.

     A decline in inventories also sharpened in July, further pushing down GDP.

     Yet rising incomes nudged consumption up 0.1%, softening the GDP's fall. Investment crept up 0.2%, growing for the first time in three months.

(Nikkei)

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