Japan’s economy shrinks as tax hike hits spending – Businessweek
The Guardian |
Japan's economy shrinks as tax hike hits spending
Businessweek TOKYO (AP) — The Japanese economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in from April, government figures showed Wednesday. Japan's gross domestic product, or the … Asian Shares Mixed, Japan Flat Asian bourses shrug off grim Japan GDP FOREX -Yen takes Japan GDP shrinkage in stride; euro eases but off lows |
