Japan to suffer bigger-than-expected slump in first quarter amid pandemic curbs: Reuters poll

Japan’s economy will suffer a much bigger contraction than initially expected in the January-March quarter, as an extended state of emergency to contain the coronavirus pandemic hurt corporate and household spending, a Reuters poll found. A firm majority of analysts said whether or not Tokyo proceeds with the Olympic Games this year would have little impact on the economy either way, as most big construction projects have already been completed and spectator numbers may be limited. The world’s third-largest economy is expected to have shrunk an annualised 5.0% in the current quarter, the Feb. 1-10 poll of 37 … (full story)

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