Japan’s GDP fell 4 percent last quarter, the fastest pace on record, the government said on Wednesday. The January-March quarter for Japan was 15.4 percent lower than the same time period last year, according to figures released by the Cabinet Office.
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Japan posts record trade deficit
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday. It was the fourth straight month of deficits as exports of vehicles, auto parts, electronics and semiconductors slumped.