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Japan Recession Fears Grow on Virus Hit After Tax-Hike Blow

  • World’s third-largest economy shrinks by most since 2014
  • Consumers shut wallets after tax hike despite government steps
Bloomberg business news
Jesper Koll, chief executive officer of WisdomTree Japan, talks about the economy, the impact of the coronavirus outbreak and policies.(Source: Bloomberg)
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Japan’s economy lurched toward a possible recession after taking another battering from a sales-tax hike in the last quarter that left it at a low ebb as the coronavirus outbreak hit activity at the start of 2020.