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Economy

Japan's GDP falls 0.1% in June: JCER

Weak foreign demand outweighs domestic consumption gains

TOKYO -- Japan's real gross domestic product shrank 0.1% on the month in June as poor demand overseas led to the first decline in two months, according to statistics released Tuesday by the Japan Center for Economic Research.

Weak U.S. and European Union-bound shipments led Japan's exports 1% lower, while imports rose 1.7%.

Domestically, housing investment edged down 0.4%, but personal consumption gained 0.5% amid relatively strong new-vehicle sales. Capital investment rose 0.5% on the month in June, rebounding from a 2.6% drop in May.

(Nikkei)

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