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Economy

Japan's real GDP falls 0.5% on month in March: JCER

TOKYO -- Japan's real gross domestic product sank 0.5% in March compared with the previous month, the Japan Center for Economic Research said Monday.

Consumer spending slumped 1.9% as households tightened their purse strings. 

Growth occurred in other areas, including a 0.1% uptick in capital spending, a 3.5% jump in housing investment and a 1.3% rise in exports. But this did not fully compensate for the decline in consumption, which accounts for 60% of GDP.

(Nikkei)

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