Gross fixed capital formation revised to down 1.0% vs flat (Il Sole 24 Ore Radiocor) - Tokyo, 01 Jul - In the first quarter, Japan's gross domestic product contracted 0.7% from the fourth quarter and fell 2.9% year on year, according to data released by the Cabinet Office that made a second revision compared with a 0.5% and 1.8% drop, respectively.

Private residential investment was revised to down 2.9% year on year from the first revision of down 2.5%. Gross fixed capital formation was revised to down 1.0% from unchanged.

Public demand was revised to down 0.2% from up 0.8% while public investment was revised to down 1.9% from up 3.0%.

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(RADIOCOR) 01-07-24 08:15:02 (0087) 5 NNNN