Japan falls into pandemic recession




Sky News Australia


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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

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