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Japan's economy shrinks as Trump's trade war hits exports and shakes confidence

ABC News
Summary
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86% Informative

Japan ’s real gross domestic product shrank at a greater-than-expected 0.2% in January-March compared to the previous quarter .

Exports declined at an annual rate of 2.3% and consumer spending remained flat, while capital investment grew 5.8% Trump 's tariffs are likely to hurt Japan 's giant exporters, especially the automakers.

Japan 's national finances are under severe strain due to ballooning social welfare costs.