Japan's economy shrinks April-June on tax raise (7)

Asahi Shimbun 2014.08.13 06:20
THE ASSOCIATED PRESS The Japanese economy shrank during the second quarter, at an annual pace of 6.8 percent, according to government data, as spending got slammed by a tax raise that kicked in from April. Japan's gross domestic product, or the total output of goods and services, contracted 1.7 percent during the April-June period from the previous quarter, on a quarterly basis. The results released on Aug.
ECONOMY, TAX, CONSUMPTION, APRIL, RAISE, JUNE, Mizuho Securities Co., Japan