Japan's economy shrinks for first time in two yearsJapan's economy shrank in the first quarter of 2018 for the first time in two years, ending the longest stretch of economic growth since the 1980s. Private consumption and capital expenditure slowed during the January to March quarter, which analysts said dragged down the economy. Annualised growth rates refer to the growth rate for one year, calculated using the rate for one quarter. Behind the numbersPrivate consumption accounts for about 60% of Japan's economic activity, but the country also relies on its exports of electronics, among other products, to fuel its economy. "Globally, IT-related items have been in an adjustment phase, which weighed down Japan's exports and factory output," said SMBC Nikko Securities economist Yoshimasa Maruyama.

Source: VietNamNet News May 16, 2018 06:45 UTC