After the devastation caused by the earthquake and tsunami in March, Japan’s economy, known as the world’s third largest, has slid back into recession. The gross domestic product shrank 0.9 pc in the first three months of the year, the Cabinet office said, giving an annualized rate of contraction of 3.7 pc, according to BBC. Analysts say consumption and exports were worst hit. Japan’s economy has now contracted for two… Read More...
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