TOKYO -- Japan's economy shrank 7.8% in April-June from the preceding quarter, or at an annualized pace of 27.8%, the Cabinet Office said Monday, as private consumption and exports bore the brunt of the coronavirus pandemic.
Economy
Japan GDP contracts annualized 27.8% in April-June
Coronavirus pandemic causes biggest quarterly fall in postwar period
The coronavirus weakened Japan's exports and private consumption, sinking the economy during the April-June quarter. (Photo by Kai Fujii)
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