Japan's economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession.

Japan's economy sinks deeper, businesses delay fresh investments

Asia's second-largest economy has been hit by the biggest economic contraction in the second quarter. The economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic.

COVID-19 pandemic crushes business, consumer spending in Japan

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japan economy-shrinks

Japan's economy sinks deeper, businesses delay fresh investments

COVID-19 pandemic crushes business, consumer spending in Japan

COVID-19 pandemic crushes business, consumer spending in Japan