On Monday morning it was announced that Japan had a negative growth of 0.4 percent in Q2. On an annual basis the decline was 1.6 percent.
Analysts expected a decline of 0.5 percent in Q2.
The negative numbers are a setback for Prime Minister Shinzo Abe and his economic program to boost growth in Japan again.
The Japanese Nikkei 225 index put on 0.22 percent while the broader Topix index was up 0.06 percent.
The Chinese Shanghai Composite index is down 0.12 percent, Hang Seng index in Hong Kong fell 0.99 percent, the Korean Kospi index is down 0.41 percent while Singapore’s Straits Times Index fell 0.71 percent.
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