It is expected that economy of Japan in the first quarter will decline for the first time in 2 years

The economy of Japan in the first quarter may decline for the first time in two years due to weak domestic consumption and a softer demand for exports, the Reuters survey showed. Prior to this, the Japanese economy expanded eight consecutive quarters. However, analysts believe that this is only a temporary easing. The growth of the global economy will contribute to the recovery of Japan in the second quarter. Survey participants expect that Japan's GDP in the first quarter fell by 0.2% after rising 1.6% in the previous quarter, which will be the first reduction from the end of 2015 amid a slowdown in industrial production and a decline in business sentiment among companies.

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