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Coronavirus to knock off 0.3% from GDP this year

A slump in tourist arrivals has been the initial channel through which the virus outbreak in China has harmed Japan’s economy and will most likely knock around 0.4%-pts off GDP growth in Q1. As long as disruptions to supply chains and goods exports are short-lived, the impact on Japan’s industry should be small. But there’s a growing risk that the domestic outbreak will dampen consumer spending.

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