ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Japan GDP on track to rebound just 0.5% in January-March

Coronavirus outbreak weakens recovery from sales tax hike

Tourists in masks visit Sensoji temple in Tokyo, one of the capital's busiest attractions. (Photo by Karina Noka) 

TOKYO -- Japan's economy will take longer than first expected to recover from last October's consumption tax hike, with the widening coronavirus outbreak weighing on both exports and consumer spending, economists say.

January-March real gross domestic product will grow at an annualized rate of only 0.5% from the previous quarter, based on the average forecast of 11 private-sector economists surveyed by Nikkei.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more