Japan’s economy shrinks more than feared amid coronavirus curbs – South China Morning Post

Japan’s economy shrinks more than feared amid coronavirus curbs – South China Morning Post
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Japan’s economy shrank at an annualised rate of 5.1 per cent in the first quarter, a government report showed on Tuesday, heightening fears of another recession as the country struggles with a slow vaccination roll-out and rising coronavirus cases.Japan saw the first contraction in three quarters as 10 prefectures, including Tokyo, had been under a Covid-19 state of emergency from January to March.The reading was worse than the 4.6-per-cent contraction forecast by analysts polled by the Nikkei…Read More

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