# Japan's GDP shrinks as surging costs raise spectre of deeper downturn

> Japan's economy contracted in January-March for the first time in two quarters as COVID-19 curbs hit services and surging commodity prices added cost pressures. Concerns are rising about a protracted downturn.

- Date: 2022-05-18 · published 2022-05-18T12:00:00.000Z
- Category: report · region Japan · magnitude low
- Page: https://feedsoft.ai/events/41627-japan-s-gdp-shrinks-as-surging-costs-raise-spectre-of-deeper-downturn
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Weaker Japanese demand could trim import needs for feed grains and meal, though the effect on global prices is modest.

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japans-q1-gdp-shrinks-ukraine-cost-living-cloud-outlook-2022-05-18/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.