Japan's economy contracts in April-June quarter
World BusinessAug 17, 2015
Japan's recovery stalled in the April-June quarter, with the world's third-largest economy contracting at a 1.6 percent annual pace thanks to feeble consumer and corporate demand and slowing exports. The dismal data reported Monday was expected, based on earlier reported figures, but it raises the likelihood the central bank may opt for fresh stimulus measures in coming months. It also comes at an awkward time for Prime Minister Shinzo Abe, who has championed a strategy of heavy monetary sti