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Japan’s Economy Seen at Risk of Shrinking Again Due to Omicron

  • Citigroup, BNP Paribas and Dai-Ichi Life see growth sputtering
  • ‘The situation is changing fast’ says one worried economist
In January, Japan’s daily infection numbers jumped to a record of over 80,000.

In January, Japan’s daily infection numbers jumped to a record of over 80,000.

Photographer: Noriko Hayashi/Bloomberg

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The odds are shortening that Japan’s economy will shrink again this quarter, according to analysts who see the latest surge in virus cases dragging out the country’s bumpy recovery from the pandemic.