TOKYO -- Japan's economy declined 1.3% in January-March from the preceding three-month period, or an annualized pace of decline of 5.1%, as resurgent COVID outbreaks snapped the run of consecutive growth after two quarters, the Cabinet Office said Tuesday.
The result compares with an average forecast of a 1.2% contraction, or an annualized decline of 4.6%, in a survey of 37 economists by the Japan Center for Economic Research.
