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Japan set to enter recession but hope for rebound as state of emergency lifted
GDP numbers out of Japan will be headlining the start of the trading week as first quarter growth estimates are published on Monday local time (Sunday, 23:50 GMT). The world’s third largest economy is expected to have contracted for the second quarter in a row, meaning it has entered a technical recession even though Japan has opted against a strict lockdown. But Japan’s economic woes began before the outbreak of the coronavirus and this latest crisis only adds to the pain for exporters. Japan in recession Just two years ago the Japanese economy was enjoying its longest stretch of uninterrupted growth in more ... (full story)