Business daily

Abenomics hits road bump as Japan's economy shrinks for first time in two years

Japan's economy contracted at an annualised rate of 0.6% in the first quarter (0.2% quarter-on-quarter), snapping a two-year growth streak. The government sees this as only a temporary blip caused by commodity price hikes and bad weather. Plus, we look at how a small cosmetics firm in France is worried about the looming US sanctions on Iran.