Japan Q4 GDP slumps more than estimated as Coronavirus ups recession risk

Topics Japan economy | Coronavirus | Japan

Japan's economy shrank faster than initially estimated in the fourth quarter to mark the biggest drop in more than five years as capital expenditure slumped, casting a deeper shadow over the outlook as the coronavirus hit heightened recession risks.

The economy is under growing pressure as the outbreak disrupts supply chains and damages tourism, which follows the hit to consumption after October's sales tax hike. The bleak data piles renewed pressure on the government and the central bank to deploy stronger fiscal and monetary.....

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