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Economy

Japan's GDP fell for second straight month in August: JCER

TOKYO -- Japan's real gross domestic product shrank for a second straight month in August, down 0.2% from July, according to estimates published Monday by the Japan Center for Economic Research. 

Declines were seen in both personal and business activity.

Consumer spending fell 0.7% as inclement weather depressed shopping for apparel, dining out and other activities.

Capital spending slid 0.4% for the fourth straight month of declines amid a lull in machinery investment.

Residential investment has begun looking "spent," JCER said, with an August drop of 1.1% reflecting slowness in condominium starts.

(Nikkei)

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