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 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

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.