Japan’s economy shrank slightly more than initially thought in the April-June quarter, official data released Tuesday showed, deepening a contraction that was already the worst in the nation’s modern history. The world’s third-largest economy shrank 7.9% in the second quarter of this year from the previous quarter, more than the initial 7.8% in the preliminary data, the Cabinet Office said. The downward revision comes with corporate investment weaker than in the preliminary data released last month, as the coronavirus deepens the country’s economic woes. The latest headline figure was modestly better than the … (full story)
