Japan's gross domestic product in July-September declined 0.3% from the previous quarter in price-adjusted real terms, according to a preliminary report released by the Cabinet Office Tuesday.
The GDP fell 1.2% on an annualized basis, marking the first decline in four quarters.
The negative growth was mainly due to a 5.2% increase in imports from the previous quarter. Exports also increased by 1.9%, but the net result pulled GDP down 0.7 percentage points.
