On an annualized basis, Japan's GDP contracted 0.7% in the first quarter, also more than the 0.2% fall expected by the Reuters poll.

The government has reported that Japan's economy contracted at an annual rate of 0.7% in the first quarter, as U.S.

Japan's economy shrank an annualised 0.7% in the first quarter, data showed on Friday, underscoring a fragile recovery now under threat from U.S. President Donald Trump's trade policies.