"The economy maintains momentum towards recovery but exports are slowing as global growth seems to have peaked in the fourth quarter", said Ryutaro Kono, chief economist at BNP Paribas Securities.
"Private consumption and public demand were flat while investment spending and net exports fell slightly", he said in a note to clients. "The global economy is performing well and a yen is trading beyond 110 yen against the dollar, so once exports start to grow again, the economy will return to a moderate growth path".
"Manufacturers are piling up inventories of goods and the United States is leaning towards protectionism, so Japan's economy may struggle to accelerate in the second quarter onwards". The bank is widely expected to keep its benchmark lending rate unchanged at 1.50%.
Japan's economy shrank at an annualised rate of 0.6 per cent in January-March, contracting for the first time in nine quarters, as private consumption and capital expenditure slowed, government data showed on Wednesday.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 2.24 points, or 0.12 percent, to 1,802.91.
Fourth quarter growth was revised to an annualized 0.6 percent, down from the 1.6 percent estimated earlier. Heavy snows in February also restricted household spending by keeping consumers inside and driving up vegetable prices.
Also, Nevada and the other litigating states continue to engage in ongoing settlement discussions with Purdue and other companies. Similar lawsuits are being filed in Nevada, North Carolina, Florida, Tennessee and Texas.
A deluxe Kuala Lumpur apartment block raided by the police, relatives of ousted Prime Minister Najib Razak had been staying there. The ringgit currency hit a four-month low of 3.9850 per dollar, but stabilized off those lows.
Budenholzer parted ways with the Hawks after five seasons in April, after posting a 213-197 record in charge of the team. A report says that the Milwaukee Bucks and Toronto Raptors are closing in on the same target as a future head coach.
The FBI said there was no initial indication of terrorism, but the agency would continue to investigate out of caution. Pacific time of a possible explosion at a two-story building in Aliso Viejo, California.
Adjusting Liverpool's efforts in the 1978-79 season to three points for a win, the overall record stood at 98. While City have had a record-breaking campaign, no team have beaten them more often than Juergen Klopp's Reds.
The delay had prompted President Muhammadu Buhari to issue a deadline to heads of all MDAs to defend their budgets unfailingly. Details in the report indicates that the National Assembly increased the 2018 budget from N8.6 trillion to N9.120 trillion.
Epic Games have announced the Fortnite 4.2 patch is set to drop on May 16, with downtime scheduled for 4am ET and 8am GMT. Epic Games has promised to update players once they have "a more accurate time frame".
Viacom slumped 6 percent and CBS rose 4 percent after CBS sued to block efforts to force the company combine with Viacom. Google's parent company, Alphabet, was up 1 percent in early trading, and Exxon Mobil was also up 1 percent.
Princess Margaret had her brother-in-law walk her down the aisle because her father, King George VI, had died before the wedding. From Meghan's family drama to the history of the British royal family, episode 1 is available now on iTunes and Google Play .
Stardew Valley Arrives on PS Vita in May
Still, it's nice to see the PS Vita get some love, even if Sony likes to pretend it doesn't exist. You've inherited your grandfather's old farm plot in Stardew Valley .
Capitals not ruling out Nicklas Backstrom for Game 3
He was pulled with more than three minutes remaining as the Capitals were desperate to create more offense. Hedman was left alone on the right side and sent a sizzling shot past Holtby to stretch the lead to 3-0.
Iran Deal Even Cheated Its Own Citizens
The remaining signatories to the deal-UK, France, Russia, China and Germany-have said that they will continue to enforce the deal. Denmark's Maersk Line said it had ceased acceptance of the specific cargoes blacklisted by the US Treasury this week.
HTC Exodus to Be 'World's First Native Blockchain Phone'
HTC has announced that it is now working on a new Android device that will be powered, in part, by blockchain technology . So far, there is no word about when we might see the Exodus , but Sirin's Finney is now expected to launch in October.
BMW 8 Series to debut at Le Mans
The new luxury sports vehicle will be presented for the first time on 15th June 2018, on the eve of the 24-hour race. The production model of the 8 Series was developed in parallel with the M8 GTE race vehicle .
New Stalker Title Announced by Origin
We've reached out to GSC Game World for comment on what exactly we can hope to see with S.T.A.L.K.E.R. 2. GSC Game World came back to life in 2014, but instead of a new Stalker , it made Cossacks 3 .
Rare Conjoined Fawns Have Scientists Doing A Double Take
After the study wrapped up, the twins were preserved by Robert Utne and taxidermist Jessica Brooks to create a realistic display. Conjoined-twin fawns were found in a forest in Minnesota, it is the first known case of a two-headed deer found in the species.
28 killed by keyless cars
In 2011, the National Traffic Safety Administration (NHTSA) proposed regulation for warning systems in keyless vehicles. This can have dire consequences, as carbon monoxide can fill up a home and silently kill those inside.