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5/18, 1:56 AM (Source: TeleTrader)
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Japan's economy contracts by 1% in Q1

The gross domestic product (GDP) of Japan went down by 1.0% on an annual basis in the first quarter of 2022, according to a preliminary report released by the country's Cabinet Office on Wednesday.

The annualized value of goods and services produced by the nation in the three-month period marked an improvement compared to a drop seen in the first quarter of last year, which landed at a negative 2.2%.

Japan's GDP fell by 0.2% on a quarterly basis.

Baha Breaking News (BBN) / NL