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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

August 04, 2020
JAPAN GDP 2020 Q1 (REVISED)

The Japanese economy declined 2.2 per cent in Q1 2020, unchanged from the second preliminary estimate. 

Japan's nominal GDP was down 1.9 per cent in Q1 2020, also unchanged from the second preliminary estimate.                                                     

Japan's declining GDP is attributable to declining household consumption as well as residential and public investment. Exports and imports also declined in Q1 2020. Non-residential investment and government consumption were up in Q1.  

 

 

Cabinet Office of Japan: Quarterly Estimates of GDP: Real, Nominal



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