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Japan's GDP shrinks 3.5% in March amid pandemic: JCER

Exports and domestic spending drop across the board

A deserted shopping street in Tokyo: Consumer spending in Japan fell 1.7% in March as the coronavirus began taking a toll.   © Reuters

TOKYO -- Japan's inflation-adjusted gross domestic product contracted 3.5% in March from the previous month, according to estimates released Monday by the Japan Center for Economic Research.

The coronavirus outbreak began showing its economic impact after a rise in GDP during February.

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