Japan: GDP Plunges Record 4% in Q1


Japan's economy shrank a record 4 percent in Q1 as companies slashed investment and exports, but economists see a return to modest growth in coming quarters even as the longer-term outlook remains murky.

Recent signs of rebound in Japan's industrial production and some other global economic data have raised hopes that the world's second largest economy could post its first positive growth in April-June after four straight quarters of contraction to the end of March

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