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Economy

Japan's GDP falls 4.4% in April: JCER

Economy suffers biggest blow since Fukushima disaster in 2011

Commuters at a Tokyo train station: The coronavirus continues to squeeze Japan's economy.   © Reuters

TOKYO -- Japan's gross domestic product dipped 4.4% on the month in April after adjusting for inflation, the Japan Center for Economic Research said Wednesday.

This is the second straight month of decline, and the largest month-to-month drop since March 2011, when real GDP fell 4.9% amid the Fukushima earthquake and nuclear disaster.

Exports fell by 13.2% in April due to the ongoing coronavirus outbreak, while consumer spending slid 2.8%.

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