01:34⇢Japan's Economy Shrinks 0.7% as Labor Shortages Persist
⌨The newspapers report on Japan's economic contraction with first-quarter GDP declining 0.7% annualized, marking the first negative growth in four quarters as consumer spending stagnated (Nikkei Shimbun). Labor shortage concerns continue as the government considers expanding the Specified Skilled Worker visa program to additional industries (Kyodo News English). In international news, Russia and Ukraine are scheduled for direct negotiations on May 16 (Yahoo News Japan), while domestically, the NISA investment account hacking case and planned subsidies for private high schools remain in the headlines.