Japanese economy contracted by almost 28%

The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic.

The world’s third largest economy saw gross domestic product fall 7.8% in April-June from the previous quarter, or 27.8% on an annualised basis.

Exports have also fallen sharply - by 18,5%.

The country's economy is representing its worst performance since 1980.

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