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Japan%27s+economy+shrinks+1.8%25+in+the+three+months+to+June
Monday, 08 September 2014 - 18:37
Japan's economy shrinks 1.8% in the three months to June
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Japan's economy shrank 1.8% in the April-to-June period, worse than forecast and raising more questions about the government's economic policy.

The official data confirmed that the world's third largest economy suffered its sharpest quarterly contraction since the 2011 earthquake disaster.

On an annualised basis it would mean gross domestic product fell 7.1%.

The fall was blamed in part on a consumer sales tax introduced in April, with another rise planned for 2015.
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