Some analysts are warning of another contraction in the current quarter as weak demand in China, sluggish consumption, and production halts at a unit of Toyota Motor all point to a challenging path to an economic recovery.
"What's particularly striking is the sluggishness in consumption and capital expenditure that are key pillars of domestic demand," said Yoshiki Shinke, senior executive economist at Dai-ichi Life Research Institute.
"The economy will continue to lack momentum for the time being with no key drivers of growth." Japan's gross domestic product (GDP) fell an annualised 0.4% in the October-December period after a 3.3% slump in the previous quarter, government data showed on Thursday, confounding market forecasts for a 1.4% increase.
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