TOKYO -- Japan's economy shrank in the first quarter of 2022, as it continues to swing between growth and contraction.
Accelerating inflation and a surge in cases of the omicron COVID variant in the January to March period contributed to a 0.2% drop in the country's inflation-adjusted gross domestic product from the previous quarter. Data from the Cabinet Office on Wednesday showed the economy shrank at annualized rate of 1.0%.
