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May 17, 2023JAPAN GDP Q1 2023 (FIRST PRELIMINARY) 
The Japanese economy expanded at a seasonally adjusted annualized rate of 1.6% in the first quarter of 2023 . Japan's real GDP has been fluctuating between growth and contraction since the beginning of 2021. Japan's real GDP was 1.3% larger in Q1 2023 than it was at the pre-pandemic period (Q4 2019).
In Q1 2023, contributions to real GDP increase came from higher household consumption, non-residential investment and public investment as well as falling imports. Government spending was little changed while exports fell.
Japan's nominal GDP increased by 7.1% (seasonally adjusted annualized rate) in Q1 2023.
Cabinet Office of Japan: Quarterly Estimates of GDP
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