Japan economy contracts 5.1 per cent in Q1

By Takehiko Kambayashi
Updated May 18 2021 - 3:19pm, first published 3:14pm
Japan's economy shrank at an annualised rate of 5.1 per cent in the first quarter.
Japan's economy shrank at an annualised rate of 5.1 per cent in the first quarter.

Japan's economy shrank at an annualised rate of 5.1 per cent in the first quarter, a government report shows, heightening fears of another recession as the country has been struggling with a slow vaccination roll-out and rising coronavirus cases.

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