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Japan Likely to Say Recession Bottomed in May 2020: Nikkei

View of Hiroshima As Retail Sales Rise Again in Japan
Photographer: Soichiro Koriyama/Bloomberg

The Japanese government is likely to say the economic recession phase that began in November 2018 ended in May 2020, the Nikkei newspaper reported.

A group of experts will likely decide at a meeting in coming days that the economy hit its trough in May last year, when the coronavirus infection was spreading and Japan declared its first state of emergency, the paper said Sunday, without citing anyone.