Japan Economy Shrinks More Than Expected In Q1

LOS ANGELES -- Japan's gross domestic product contracted by 0.9% during the January-March quarter, marking a 3.7% year-on-year drop, the government reported Thursday. The result showed a far greater drop than a median forecast for a 0.5% quarter-on-quarter contraction in separate surveys of economists from Reuters and Dow Jones Newswires. The GDP reading was the first to include the catastrophic ...