Economists fear that the impact of the coronavirus could push Japan into technical recession
The world’s third-largest economy after the U.S. and China contracted at an annualized rate of 6.
3% in the October-December quarter, worse than economists’ forecast of a 3.9% contraction. The biggest reason was a sharp drop in private consumption after the national sales tax rose to 10% on Oct. 1 from 8%.
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