The Japanese economy has slipped into recession for the first time in four and a half years in the first quarter of 2020 and could survive the worst recession in post-war history due to the impact of the coronavirus pandemic.
The world's third largest economy shrank 3.4% year on year, while markets expected an average drop of 4.6%. The decline in the first quarter followed an even sharper decline of 7.3% in October-December. The contraction of the economy for two consecutive quarters is in line with the technical definition of recession. The last time a recession in Japan was recorded in the second half of 2015.
Private consumption, which accounts for more than half of Japan’s $ 5 trillion economy, fell 0.7% in the first quarter, while markets were expecting a 1.6% drop. Exports fell 6% – the most since the devastating earthquake in March 2011.
SZYBKIE LINKI
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Skontaktuj się z ForexMart 
