Japan’s Economy Shrinks More than Expected as US Tariff Hit Looms
5 Articles
5 Articles
Japan’s economy contracts fuelling recession risks, but it was shrinking even before Trump tariffs
The decline was steeper than economists' median forecast of a 0.3% contraction, raising the risk of a technical recession if further pressure from US tariffs materialises this quarter, according to a report
Japan Suffers Its First Quarterly Contraction in a Year and Could Fall Into Tariff Recession
Japan's economy suffered its first quarterly contraction in a year between January and March, as preliminary data showed on Friday, and analysts warned that Donald Trump's tariffs could lead the country to a recession if no agreement is reached.The 0.2% inter-quarterly contraction was more than expected and will be a blow to Prime Minister Shigeru Ishiba before the parliamentary elections in July, with voters already angry at inflation and corru…
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