Economic Buzz: Japan GDP Contracts 0.2% On Quarter In Q1

Japan gross domestic product dipped 0.2 percent on quarter in the first three months of 2018, the Cabinet Office said in Wednesdays preliminary reading, following the downwardly revised 0.1 percent gain in the three months prior (originally 0.4 percent). On a seasonally adjusted annualized basis, GDP was down 0.6 percent following the downwardly revised 0.6 percent gain in the previous three months (originally 1.6 percent).