Japan’s economy shrank a real 0.8 percent in the April-June quarter, the government said Friday, underscoring the challenges ahead for Prime Minister Junichiro Koizumi as he juggles structural reform and the weakening economy.
The quarter-on-quarter decline, measured in terms of gross domestic product, was the first fall in three quarters and translates into an annualized contraction of 3.2 percent, the Cabinet Office said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.