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News tagged 'Japan economy'

Japan’s economy shrinks at record rate, slammed by pandemic

Aug 17, 2020

TOKYO: Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross domestic product, or GDP, the sum of a nation&#...

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