Japan's gross domestic product shrank an annualized 3.9 percent on year in the first quarter of 2021, the Cabinet Office said in Tuesday's final reading.
That exceeded expectations for a decline of 4.8 percent following the 11.7 percent surge in the three months prior.
On a quarterly basis, GDP was down 1.0 percent - again beating forecasts for a decline of 1,2 percent following the 2.8 percent increase in the previous three months.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.