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Japan to avoid recession, but Q2 growth forecasts cut sharply: poll Today 03:30 am JST Today | 06:45 am JST TOKYO
Japan s economy likely grew and avoided slipping into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll showed.
Just over a month before Tokyo is set to host the Olympic Games, the world s third-largest economy was seen expanding an annualized 0.5% this quarter, less than a third of the 1.7% economists projected last month, according to the June 2-14 poll of 36 economists.
Japan s gross domestic product shrank by an annualized 3.9% in January-March, the first contraction in three quarters.
Japan to avoid recession, but Q2 growth forecasts cut sharply
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Japan to avoid recession, but Q2 growth forecasts cut sharply: Reuters poll
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Japanese shares inch higher, Toshiba up after ouster of board directors
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