By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan's economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday Japan's seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. The coronavirus pandemic, which has people staying home, restaurants and stores empty or closing, and travel and tourism nose-diving, has hurt all the world's economies and many companies. But it has slammed Japan's export-reliant economy. Restoring growth will be a priority as the country prepares to choose a […]
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