Japan Jan.-March GDP Down Annualized 0.2 percent in Revised Report

Yomiuri Shimbun file photo
The Cabinet Office building in Chiyoda Ward, Tokyo

Tokyo (Jiji Press)—Japan’s gross domestic product in January-March shrank an annualized 0.2% from the previous quarter in price-adjusted real terms, the Cabinet Office said in a revised report Monday.

The figure was an improvement from the annualized 0.7% drop in a preliminary report announced last month.

In nonannualized terms, the decline was smaller than 0.1%, against the preliminary reading of a 0.2% slide.