Japanese Prime Minister Fumio Kishida raises his hand to speak during a House of Representatives Budget Committee session in Tokyo on December 15. Photo: Kyodo
Japanese Prime Minister Fumio Kishida raises his hand to speak during a House of Representatives Budget Committee session in Tokyo on December 15. Photo: Kyodo
Japan

Japan admits to overstating construction orders, which could dent credibility of GDP data

  • Prime Minister Fumio Kishida told parliament it was ‘regrettable’ that the data received from builders had been overstated, and it would not happen again
  • While it may have a small impact on past GDP numbers, it could raise questions about the reliability of data used by economists to understand the world’s third-largest economy

Topic |   Japan
Japanese Prime Minister Fumio Kishida raises his hand to speak during a House of Representatives Budget Committee session in Tokyo on December 15. Photo: Kyodo
Japanese Prime Minister Fumio Kishida raises his hand to speak during a House of Representatives Budget Committee session in Tokyo on December 15. Photo: Kyodo
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