Japan GDP growth flat in July with weak domestic demand: JCER

Fall in corporate investment offsets rise in inbound tourism

20230911 Tokyo skyline

Central Tokyo: Japan's corporate investment fell 0.5% in July, according to the Japan Center for Economic Research. (Photo by Yo Inoue)

Nikkei staff writers

September 11, 2023 19:21 JST

TOKYO -- Japan's gross domestic product for July remained almost flat from the previous month, growing an annualized 0.03% on a seasonally adjusted basis, as weak domestic demand offset the growth in external demand, according to the Japan Center for Economic Research.

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