Japan's 1st-quarter GDP shrinks less than initial estimate but still faces deep recession

The worst is yet to come. The lockdowns were always going to do this. This is what the result would always be!

Things have to be a lot more serious to warrant the execution of an SOE. This pandemic never reached that level, but the media and politicians ran with it because the general public is so easily duped and scared.

The news are positive but unfortunately we all have to face the worst in the post-corona crisis.

Not only Japan,but all the major economies in the world (north america and europe) will face major problems.

Let’s just hope that our governments will have the strength and capability to overtake such crisis.

There you have it, the result of the nonsense coronavirus lockdown.

The result of the coronavirus lockdown is not too bad in relative terms, and the point of that was to not see masses of people dying.

And what's more, these are 1st quarter numbers, which only caught the beginning of the coronavirus impact for Japan. The 2nd quarter numbers should be quite a bit worse.

The result is actually bad for the bankers of the BOJ. The QE seems not to boost Japan out of a recession unlike the last times. Japan seems to run out of meaningful ammos that can turn the economy around. The goal of attaining a positive, long term growth will fail as Olympics 2021 has a dull chance of happening and Recession gets prolonged.

One can't simply QE out of every single problem, this time!

The worst is yet to come. The lockdowns were always going to do this. This is what the result would always be!

What lockdowns? There weren't any in Japan. We've had school closures and requests for short term closures of some businesses or modifications of their operations, but nothing like the lockdowns in other countries.

Also, most of those limited measures have already been lifted anyway, so how is there going to be worse to follow?

Things have to be a lot more serious to warrant the execution of an SOE.

The point of an SOE in a pandemic is to avoid the situation getting a lot more serious in the first place. Countries that sat on their asses and waited have generally fared a lot worse than those which took a pro-active approach.

This continued blind obsession with GDP...

This is a terrible measure of "progress" which even the person who created it said it shouldn't be used to measure progress.

And besides - shouldn't we be expecting a GDP fall anyway given that population is falling?

GDP continued blind obsession agreed.