Economy Japan's first quarter GDP shrinks more than expected in setback for 'Abenomics' Updated : May 16, 2018 06:58 AM IST Capital expenditure fell 0.1 percent, down for the first time in six quarters. The economy shrank by 0.6 percent on an annualised basis. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.