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

Japan's GDP shrank 0.2% in Q1 on inflation, omicron wave

Economy has contracted in 3 of last 5 quarters; yet to return to pre-COVID level

TOKYO -- Japan's economy shrank in the first quarter of 2022, as it continues to swing between growth and contraction.

Accelerating inflation and a surge in cases of the omicron COVID variant in the January to March period contributed to a 0.2% drop in the country's inflation-adjusted gross domestic product from the previous quarter. Data from the Cabinet Office on Wednesday showed the economy shrank at annualized rate of 1.0%.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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