Japan's economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.

In October this year, Thailand’s economy contracted at a higher rate compared to the previous month due mainly to the fading of temporary factors and last year’s high base effect, Chayawadee Chai-Anant, senior director at the Bank of Thailand (BOT), said on Monday.