Japan has suffered its worst quarterly GDP contraction in more than five years. The quarter was marked by a rise in consumption tax from eight percent to 10 percent, as well as Typhoon Hagibis, which killed more than 100 people and caused widespread flooding. This was even before the novel coronavirus outbreak in China hit Japan.
from News-Economic Times https://ift.tt/2SvUoQD
Japan suffers worst economic slump in five years
February 17, 2020
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