Japan’s economy shrinks more than expected as US tariff hit looms
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Japan’s economy shrinks more than expected as US tariff hit looms
Japan’s economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump’s trade policies. The data highlights the challenge policymakers fac»»»
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Japan's economy shrinks in the first quarter, dragged by US tariff tensions
The Japanese economy took a hit for the first time in a year, weighed down by fragile domestic demand and trade tensions with the US. Preliminary government data released on Friday showed that the gross domestic product (GDP) fell at an annualised rate of 0.7% in the January-March quarter, signific»»»
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