Japan’s economy shrinks as tax hike hits

Global Business

Japan’s economy faces tough challenges after its economy shrank 7 percent last quarter.

Though it wasn’t as bad as forecasted, it is the worst performance since the 2011 earthquake and tsunami that devastated Japan. CCTV`s Mike Firn reports from Tokyo.

Japan's economy shrinks as tax hike hits spending

Japan's economy faces challenges after its economy shrank seven percent last quarter. Though it wasn`t as bad as forecast, it is the worst performance since the 2011 earthquake and tsunami that devastated Japan. CCTV`s Mike Firn reports from Tokyo.

For more on Japan’s economy, CCTV America spoke to Shihoko Goto, a senior Northeast Asia Associate at Woodrow Wilson Center’s Asia Program.

Impact of consumption tax increase in Japan

For more on Japan's economy, CCTV America spoke to Shihoko Goto, a senior Northeast Asia Associate at Woodrow Wilson Center's Asia Program.