Japan's Q1 GDP shrinks annualized 0.7% on weak consumption
TOKYO -- Japan's economy shrank an annualized 0.7% in the January to March quarter from the previous three months, according to preliminary government figures released Friday, reflecting weak consumption due to inflation.
The latest real gross domestic product growth rate compares with a median forecast for a 0.19% contraction among economists surveyed by QUICK, a Nikkei group company.
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