Japan’s economy shrinks historically

Source: AFP Published: 2020/8/17 15:38:41

Japan's economy shrank a record 7.8 percent in the April-June quarter, the worst contraction in the nation's modern history, data showed Monday, as the coronavirus deepens the country's economic woes.

The contraction from the previous quarter was slightly worse than expectations but is still significantly less severe than declines seen in many other industrial economies.

AFP



Posted in: ASIA-PACIFIC

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