Japan suffers first recession since 2015; expects worse to come

Shoppers at a discount store in Tokyo. Personal consumption has been the main casualty of the Covid-19 pandemic as consumer spending has been greatly affected due to people staying at home.

JAPAN dived into its first recession since 2015, according to official data released on Monday, with the world's third-largest economy shrinking by 0.9 per cent in the first quarter as it wrestles with the fallout from the novel coronavirus.

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