FOCUS: Japan's initial goal of V-shaped recovery not on horizon

Japan could fall into an even deeper recession after its economy contracted at an annualized pace of 3.4 percent in the January-March period, and a V-shaped recovery, much touted by the government, does not appear to be on the horizon.The quarter marked the second consecutive decline, following a 7.3 percent plunge in the October-December period, meaning the world's third-largest economy had fallen, by some standards, into a technical recession even before Prime Minister Shinzo Abe declared a nationwide state of emergency over the coronavirus pandemic.Many analysts predict that a dramatic e…READ FULL ARTICLE