Posted inJapan

Japan 1st quarter shows recession; Q2 to be worse

Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy shrinking by 0.9% in the first quarter as it wrestles with the fallout from the coronavirus. The drop in gross domestic product followed a 1.9% decline in the fourth quarter of 2019 as a tax hike and […]

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