TOKYO -- Japan's economy shrank an annualized 0.7% in the January to March quarter from the previous three months, according to preliminary government figures released Friday. The decline, which marks the first period of negative growth since the first quarter of 2024, reflected weak consumption and a rise in imports.
Economy
Japan's Q1 GDP shrinks annualized 0.7% on weak consumption
Figures show fragility of Japan's economy, even before tariff shock
A container terminal in Yokohama: Japan's first quarter GDP growth was held back by weak consumer spending. (Photo by Tomoki Mera)
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