Japan's economy shrinks more than feared amid coronavirus curbs | South China Morning Post

Japan's economy shrank at an annualised rate of 5.1 per cent in the first quarter, a government report showed on Tuesday, heightening fears of another recession as the country struggles with a slow vaccination roll-out and rising coronavirus cases. Japan saw the first contraction in three quarters as 10 prefectures, including Tokyo, had been under a Covid-19 state of emergency from January to March. The reading was worse than the 4.6-per-cent contraction forecast by analysts polled by the Nikkei Business Daily and came after the 11.6-per-cent growth in the last quarter of 2020. Tokyo Trail: key issues surrounding the 2020…