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Japan Enters Recession

Japan had not entered a recession since the second half of 2015, and today the country's GDP shrank by 3.4% in the first quarter up to March. With

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Japan had not entered a recession since the second half of 2015, and today the country’s GDP shrank by 3.4% in the first quarter up to March.

With this, Japan is on its way to its worst post-war decline in Gross Domestic Product while the COVID-19 pandemic is seriously affecting businesspeople and consumers.

Private consumption, capital spending and exports dropped, according to official preliminary data, following a revised 7.3 decline, thus making the Asian country meet the definition of a recession.

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