Japan in Q1 2020 reported a drop in its economic growth due to coronavirus pandemic. The economy contracted at an annualised rate of 3.4% in during the first quarter.
On QoQ basis, the GDP shrank by 0.9% in between January to March 2020 against the median forecast for a 1.2% decline.
Private consumption dropped 0.7%, the capital spending by 0.5% and export by 6%.