JAPAN S ECONOMY SHRINKS IN FIRST QUARTER

The economy shrank by 0.2 percent in the first three months of 2018, snapping a run of two years of positive growth, according to the Cabinet Office.

Japan’s economy contracted more than expected at the start of this year, suggesting growth has peaked after the best run of expansion in decades, unwelcome news for a government struggling to get traction for its reflationary policies.

Economists say Japan’s exports, including electronics, are in less demand and contributing to sluggish growth. “Globally, IT-related items have been in an adjustment phase, which weighed down Japan’s exports and factory output,” said Yoshimasa Maruyama, analyst at SMBC Nikko Securities. “The economy is unlikely to continue to contract further.


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Japan’s economy shrinks in first quarter of 2018 after …

The economy shrank by 0.2 percent in the first three months of 2018, snapping a run of two years of positive growth, according to the Cabinet Office.
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16.05.2018 · Japan’s economy contracted more than expected at the start of this year, suggesting growth has peaked after the best run of expansion in
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