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Japan's GDP contracts annualized 0.7 pct in Q1

Xinhua
| May 16, 2025
2025-05-16

Japan's economy contracted an annualized 0.7 percent in the first quarter of 2025, marking the first contraction in four quarters, government data showed Friday.

Quarter-on-quarter, real gross domestic product in the January-March period, adjusted for inflation, declined 0.2 percent from the October-December period, according to the Cabinet Office. 

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