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Economy

Japan's GDP sinks 1.5% in February on export slump: JCER

Steep drop in Chinese demand during Lunar New Year hampers growth

Robust shipments to the U.S. cushioned the decline in exports. (Photo by Takaki Kashiwabara)

TOKYO -- Japan's real gross domestic product tumbled 1.5% on the month in February amid a decline in exports, mainly to China, the Japan Center for Economic Research said Monday.

External demand hindered growth by 1.2 percentage points as exports fell 2%. An 8.9% rise in U.S.-bound shipments was outweighed by an 18.2% plunge in exports to China, owing to the Lunar New Year holiday. Imports grew 5%.

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