TOKYO—Japan's economy contracted sharply in the second quarter after a sales-tax increase in April sent household spending tumbling, which economists said could pressure the government to take additional stimulus measures.Not to worry, though. The Japanese government is considering a stimulus package.
Real gross domestic product, the total value of all goods and services produced in the economy, shrank 6.8% in the three months through June on an annualized basis from the prior quarter.
|208% debt to GDP ratio? No problem! Spend more! Let's make it 250%!|