Economics
Japan’s Recession to Be Confirmed With Worse Yet to Come
- Manufacturers’ pain seen deepening despite easing of emergency
- Prime Minister Abe already called for second extra budget
A pedestrian stands at crossing in the Shimbashi district in Tokyo on May 14.
Photographer: Soichiro Koriyama/BloombergThis article is for subscribers only.
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Japan’s economy has slipped from sales-tax hangover into deep recession, official data is set to show on Monday, with worse to come even as coronavirus restrictions on activity are gradually lifted.