efe-epaTokyo

Japan’s gross domestic product (GDP) shrank by 4.8 percent year-on-year in 2020 as a result of the Covid-19 pandemic, marking its first contraction since the 5.7 percent decline it registered in 2009, the government said Monday.

During the last quarter of the year between October and December, the Japanese economy grew at a rate of 3 percent compared to the previous quarter, according to data published by the Cabinet Office. EFE-EPA

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