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Economy

Japan's GDP up 0.4% in July: JCER

Brisk auto exports outweigh slowing domestic demand

TOKYO -- Japan's real gross domestic product rose 0.4% month on month in July on solid export growth, according to estimates released Monday by the Japan Center for Economic Research.

Exports jumped 1.7%, thanks partly to a sharp rise in auto shipments to the U.S.

This compensated for lackluster domestic demand. Consumer spending dipped 0.2%, cooling after a strong April-June quarter in which a relatively dry rainy season encouraged people to go out, boosting spending on food and apparel.

Capital spending also slid 0.2% in July.

(Nikkei)

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