Cabinet Office said

TOKYO  | Japan’s economy shrank in first quarter on weak spending

TOKYO  — Japan’s economy declined in the first quarter on weak consumer spending, revised data showed Friday. The Cabinet Office said the gross domestic product or GDP — the total value of a nation’s goods and services — shrank at an annualized rate of 0.6 percent in the January-March period. The data were unchanged from … Continue reading TOKYO  | Japan’s economy shrank in first quarter on weak spending