Japan Gross Domestic Product Contracts by Less Than Originally Expected

Japan’s Gross Domestic Product fell 3.8% in the first three months of the year, an official government estimates shows. Preliminary findings saw the number actually come in slightly more pessimistic, at a whopping -4.0%. Of

Details show that the global slowdown continues to weigh on the Asian economy. Export demand declined -26.0%, as expected after falling on 14.7% in the final three months of 2008 and actually rising 1.0% in the period prior.