March 9, 2020 / 12:00 AM / 20 days ago

Japan Q4 GDP revised down to 7.1% annualised contraction

TOKYO, March 9 (Reuters) - Japan’s economy shrank an annualised 7.1% in October-December, worse than the initial estimate of a 6.3% contraction, revised data from the Cabinet Office showed Monday.

The revised figure for gross domestic product compared with economists’ median forecast for a 6.6% contraction in a Reuters poll.

On a quarter-on-quarter basis GDP shrank 1.8% compared with a 1.6% contraction in the initial reading and a median forecast of a 1.7% fall.

For background, please see this POLL

For the full tables on the Cabinet Office’s website:

here (Reporting by Kaori Kaneko; Editing by Chris Gallagher)

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