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Economy

Japan's GDP fell 1.3% in March: JCER

Declines seen for domestic demand, exports

TOKYO -- Japan's real gross domestic product shrank 1.3% from a month earlier in March, registering its first contraction in three months, the Japan Center for Economic Research reported Monday.

Exports slid 2.3% after a strong month in February.

Weaker domestic economic activities, sluggish private-sector demand in particular, also took a toll. Housing investment decreased 4.5% following a sharp drop in construction starts in February. Consumer spending slid 0.5%, led by a decline in new-car sales.

Government expenditure went up by 0.1%.

(Nikkei)

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