Japan’s economy contracts fuelling recession risks, but it was shrinking even before Trump tariffs

Japan’s economy contracts fuelling recession risks, but it was shrinking even before Trump tariffs

The decline was steeper than economists’ median forecast of a 0.3% contraction, raising the risk of a technical recession if further pressure from US tariffs materialises this quarter, according to a report

Japan’s real gross domestic product (GDP) shrunk by 0.7 per cent in January-March – far bigger than a median market forecast of a 0.2 per cent drop. AP