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Japan’s economy shrinks by 0.4% in Q2

by ChemOrbis Editorial Team -
  • 17/08/2015 (16:59)
According to media reports, Japan’s economy shrank 0.4% in the second quarter of 2015 compared with the first quarter of the year. The drop in GDP was attributed to weak exports and sluggish consumer spending. Japan’s economy shrank 1.6% year over year in the April-June period, following a revised expansion of 4.5% in the first quarter.

The drop in GDP was in line with disappointing data regarding exports and factory output.
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