Published on 18 May 2020
Japan has officially fallen into recession for the first time since 2015 as the financial toll of the coronavirus pandemic escalates.
The world’s third-largest economy declined 3.4 per cent from January to March, following a 4.6 per cent decline in the last quarter of 2019.
Japan did not enter a nationwide lockdown but instead issued a state of emergency in April affecting business trade.
Image: AP