Japan's economy expanded a slower pace than initially estimated in the first quarter largely reflecting the decline in business investment, revised data from the Cabinet Office showed Monday.
Gross domestic product logged an annualized growth of 1.8 percent in the first quarter, which was revised down from the 2.1 percent growth estimated initially.
On a quarterly basis, the economy expanded 0.5 percent in the first quarter, in line with the preliminary estimate.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.