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Japan's GDP ends best growth run in decades as spending, trade fade

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.The world's third largest economy 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 declines in investment and consumption and weaker export growth, comes as Japan Inc frets over the ...

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First Published: Wed, May 16 2018. 11:40 IST