ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Economy

Japan's GDP fell 0.7% in September: JCER

Weak external demand weighed on growth as non-Chinese exports dropped off

TOKYO -- Japan's real gross domestic product slumped 0.7% on the month in September, declining for the first time in five months, according to data released Wednesday by the Japan Center for Economic Research.

Factors related to external demand pushed down growth by 0.4 percentage point. Exports sank 5.5% amid declines in shipments to major trading partners aside from China. U.S.-bound exports, which make up a large proportion of the total, tumbled 8.1%.

Capital spending slid 1.3% as well. Consumer spending was basically flat, edging up only slightly from August.

(Nikkei)

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media