Capital expenditure, including manufacturing, was down 1.4 per cent. - Bloomberg
TOKYO (AFP): Japan's economy contracted 1.3 per cent in the three months to March after the government reimposed coronavirus restrictions in major cities as infections surged, data showed Tuesday (May 18).
The quarter-on-quarter fall came after the world's third-largest economy grew for two quarters to December, but the expansion was stopped in its tracks by a winter increase in coronavirus cases.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
