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The Japanese economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in from April, government figures showed Wednesday.

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                    [AuthorName] => Yuri Kageyama
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YASUNARI UENO

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abtest

Japan's economy shrinks April-June on tax raise

By Yuri Kageyama | August 13, 2014 - 10:57am

The Japanese economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in from April, government figures showed Wednesday.

Business