Japan GDP slump appears to hit bottom but consumption still weak

Worst also likely over for Taiwan and South Korea boosted by tech diversity

20200817 japan economy gdp

Japan's economy shrank 7.8% in April-June from the preceding quarter, as consumption and exports bore the brunt of COVID-19, the government said. A woman wearing a protective face mask walks past a sign of sale in Tokyo.  © Reuters

MITSURU OBE, Nikkei staff writer

TOKYO -- Japan became the latest Asian economy to report a big economic contraction in the second quarter as they try to put the worst behind them and chart a course of recovery.

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