Japan’s Economy Shrank 1 Percent as Consumers Fled Covid

Japan’s Economy Shrank 1 Percent as Consumers Fled Covid

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TOKYO — Last December, after two years of stop-and-go growth, Japan’s economic engine seemed like it might finally be revving up. Covid cases were practically nonexistent. Consumers were back on the town, shopping, eating out, traveling. The year 2021 ended on a high note, with the country’s economy expanding on an annual basis for the …

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