Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
TOKYO, May 16 (Xinhua) — Japan’s economy contracted 0.7 percent year-on-year in the first quarter of 2025 amid stagnant private consumption and a drop in exports, government data showed Friday.
Real gross domestic product (GDP) growth showed its first quarterly decline in four quarters, the cabinet said.
In quarterly terms, GDP for the period from January to March, taking into account inflation, fell by 0.2 percent, according to the preliminary report of the Cabinet of Ministers.
Over the quarter, exports fell by 0.6 percent, while imports, which have a negative impact on GDP, grew by 2.9 percent.
Private consumption, which accounts for more than half of Japan’s economic output, rose 0.04 percent as prices rose.
Nominal GDP increased by 0.8 percent compared to the October-December period, or by 3.1 percent year-on-year. –0–