The further contraction in GDP in Q1 confirms that Japan is now in recession and we expect the decline in Q2 to be even bigger. The economy was weak before the Great East Japan Earthquake struck on 11th March and the full impact of that catastrophe has only just begun to be reflected in the GDP data.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.