Japan's economy shrank last quarter as exports tumbled and consumer spending slumped, putting pressure on the central bank to add stimulus and hurting Prime Minister Yoshihiko Noda's record as he prepares for elections.
Gross domestic product fell an annualised 3.5 per cent, the most since the earthquake and tsunami last year, Cabinet Office data showed yesterday. Shipments to Asia, Europe and the United States all slid, as did capital spending.
via Business feed http://www.scmp.com/business/economy/article/1081198/shrinking-japan-puts-pressure-central-bank
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