TOKYO -- Japan's economy shrank 2.2% at an annualized pace in January-March, the government announced on Monday, a milder decline than the preliminary estimate of a 3.4% contraction.
Economy
Japan's GDP contracted 2.2% in 1st quarter, revised data shows
Positive capital expenditure trend puts a floor under apparent recession
Japanese consumers began returning to stores in late May, though many now wear masks whenever they go out in public. © Reuters
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