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Japan's economy shrinks in first-quarter, ends 2-year run of growth

Reuters  |  TOKYO 

By Stanley White and Leika KiharaTOKYO (Reuters) - Japan's economy contracted more than expected at the start of this year, suggesting growth has peaked after the best run of expansion in decades, unwelcome news for a government struggling to get traction for its reflationary policies.Japan's economy, the world's third largest, shrank by 0.6 percent on an annualised basis, a much more severe contraction than the median estimate for an annualised 0.2 percent decline.The contraction, which was driven by a decline in investment and consumption and weaker exports, comes as Japan Inc worries about ...

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First Published: Wed, May 16 2018. 09:33 IST