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August 09, 2019JAPAN GDP 2019 Q2 (FIRST PRELIMINARY) The Japanese economy posted positive quarterly growth with a seasonally adjusted annualized rate increase of 1.8 per cent for the second quarter of 2019. This follows a revised increase of 2.8 per cent for the first quarter of 2019 and an increase of 1.6 per cent in the fourth quarter of 2018. Real GDP in Japan was 1.1 per cent larger than the second quarter of 2018.
Japan's nominal GDP was up 1.7 per cent in the second quarter of 2019 following a revised increase of 4.2 per cent in Q1 and an increase of 1.7 per cent in Q4 2018. Growth in overall prices (GDP deflator) remains subdued in Japan.
The second quarter of 2019 saw increases in real private consumption (+2.5 per cent), private non-residential investment (+6.1 per cent), government consumption (+3.8 per cent) and private residential investment (+1.0 per cent). These increases were partially offset by a decline in exports (-0.2 per cent) and an increase in imports (+6.7 per cent), which are a subtraction in the GDP calculation.
Cabinet Office of Japan: Quarterly Estimates of GDP
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