Japan's Economy Shrinks April-June On Tax Raise

Now watching

Next video starts in : 7 Play

Japan's Economy Shrinks April-June On Tax Raise

Japan's Economy Shrinks April-June On Tax Raise
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Japan's Economy Shrinks April-June On Tax Raise

by Wochit 0:39 mins

Japan's Economy Shrinks April-June On Tax Raise

by Wochit 0:39 mins

According to government data, as spending got slammed by a tax raise that kicked in from April, the Japanese economy shrank during the second quarter, at an annual pace of 6.8 percent. 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. The results released Wednesday had been expected because the consumption-tax raise has weighed on spending. The question now is how long this holding off on spending may last.

Wochit

Must Watch

  1. 22:03

    Sin City Saints Episode 1: The Fool Monty

  2. 23:15

    Sin City Saints Episode 2: Smoke and Mirrors

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 1:23

    Ed Sheeran Surprises Couple and Becomes the Best Wedding Singer of All Time

  5. 2:12

    Rave of Thrones Preview with Kristian Nairn - Tune in 3/26 on #YahooLive

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 0:29

    Watch a Sneak Peek of Community Episode 4

  5. 2:01

    Sin City Saints: Official Trailer