Japanese government statisticians are smarting after a private sector economist pointed out errors that led them to overstate weakness in the economy during the fourth quarter last year.
In an announcement on Tuesday, the Cabinet Office said that a miscalculation of the value of trade in services between October and December meant that nominal gross domestic product was reported as shrinking by 0.3 per cent, rather than the true figure of 0.1 per cent.
The GDP deflator, a broader gauge of inflation than the consumer price index, was also misreported at 0.4 per cent, rather than 0.2 per cent, the Cabinet Office said.
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