JAPAN’S CONSUMER SPENDING IS EXPECTED TO FALL BY $19.3 BILLION

Highlights –

• Japan’s consumer spending is expected to fall by $19.3 billion.
• The loss would correspond to 0.40 percent of Japan's annual GDP in nominal terms.
• Japan's government has imposed a state of emergency in 11 prefectures.
• The Japanese economy is expected to shrink by 2.5 trillion yen or 0.4 percent of its annual GDP.

Economists in ....