Japan Jan.-March GDP shrinks for 1st time in 1 yr amid weak spending

Japan's economy shrank an annualized real 0.7 percent in the January-March period, the first contraction in a year, government data showed Friday, underscoring that domestic demand was sluggish even before higher U.S. https://english.kyodonews.net/news/2025/05/16a9ad5937c5-update3-japan-jan-march-gdp-shrinks-for-1st-time-in-1-yr-amid-weak-spending.html