TOKYO -- Japan's economy shrank an annualized 0.3% in June from the previous month, pushed down by increased imports that offset the impact of strong consumption, according to an estimate released by the Japan Center for Economic Research on Friday.
Economy
Japan's June GDP shrinks 0.3% despite consumption recovery: JCER
Increased imports and weak corporate investment offset the effect of higher bonuses
Higher bonus payments appear to have helped boost Japan's private consumption in June. (Photo by Arisa Moriyama)
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