Economic Buzz: Japan GDP Down 0.2% In Q1

Japan gross domestic product dipped 0.2 percent on quarter in the first three months of 2018, the Cabinet Office said in Fridays final reading, unchanged from the May 16 preliminary reading, although it defied expectations for an upward revision to -0.1 percent. On a seasonally adjusted annualized basis, GDP was also unchanged at -0.6 percent. In the fourth quarter of 2017, GDP was up 0.1 percent on quarter and 0.6 percent on year.