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Japan’s annual economic drop hits 0.7% amid weak exports
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Japan’s annual economic drop hits 0.7% amid weak exports
Japan's economy shrank faster than expected in the first quarter of 2025, according to official data for the January-March period released on Friday. Japan's gross domestic product (GDP) decreased by 0.2 percent compared to the previous quarter, which is the first quarterly decline since January-March 2024. However, compared to the same quarter last year, Japan's economy shrank by 0.7 percent - much more than the 0.2 percent forecast. The declin…
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