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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's economy is shrinking, although slightly less than previously thought

Copyright 2021 The Associated Press. All rights reserved.

The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.

The revision was due to private sector investments, at minus 0.4%, up from the previous minus 0.5%.

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