Japan overstated GDP component data for years, inflating growth figures

The Japanese government overstated construction orders data received from the industry for years, PM sid, in a practice that may have had the effect of inflating the country's economic growth figures.

The Japanese government overstated construction orders data received from the industry for years, Prime Minister Fumio Kishida said on Wednesday, in a practice that may have had the effect of inflating the country's economic growth figures.

Kishida made the comment in a parliamentary session after an Asahi newspaper report that the Ministry of Land, Infrastructure, Transport and Tourism had been "rewriting" data received from about 12,000 select companies since 2013 at a pace of about 10,000 entries per year.

It was not clear why the government started the practice of rewriting the data. It is also unclear how gross domestic