Japan Revises Q1 GDP Contraction to Annualised 1.8%

TOKYO, Jun 10 (Reuters) - Japan's economy contracted at a narrower pace of 1.8% annualised in the January-March period from the previous quarter, government data showed on Monday.

The revised figure for gross domestic product (GDP) released by the Cabinet Office compared with economists' median forecast for a 1.9% drop in a Reuters poll and the initial reading of a 2.0% decline.

On a quarter-on-quarter basis, GDP shrank 0.5%, compared with the initial estimate of a 0.5% drop and a median forecast for a 0.5% fall.

Source: テレ東BIZ

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