Japan's GDP shrank a larger-than-expected 3.7% in Q1, following a revised 3% drop in the...

|By:, SA News Editor
Japan's GDP shrank a larger-than-expected 3.7% in Q1, following a revised 3% drop in the previous quarter. Economists had expected a 1.9% contraction, underestimating the impact of the March earthquake on an already-shaky economy. Further contraction may follow.