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Economy

Japan economy logs worst drop in over five years

Updated : February 17, 2020 07:16 AM IST

japan's gross domestic product in the three months to December shrank 1.6 percent from the previous quarter, before the novel coronavirus outbreak in China hit Japan.
Business expenditure on factories and equipment decreased 3.7 percent despite investment getting a boost from cashless-payment systems that allow consumers to alleviate the consumption tax hike.
Japan economy logs worst drop in over five years

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