Conditions are expected to have worsened in Japan in the current quarter after Prime Minister Shinzo Abe (pic) in April declared a nationwide state of emergency amid a rise in coronavirus infections.
TOKYO: Japan's economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy toll on businesses and consumers.
The world's third-largest economy shrank for the second consecutive quarter in the three months to March, intensifying the challenge for policymakers battling a once-in-a-century pandemic that has already caused widespread disruptions.
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