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Japan's recession deeper than expected

Economy contracts 1.9% in Q3, against estimated 1.6%, as corporate capital spending falls faster than expected

Published Mon, Dec 8, 2014 · 09:50 PM

Tokyo

JAPAN's economic recession proved to be worse than expected in the third quarter of this year, according to data released on Monday showing that gross domestic product (GDP) contracted at a real annual rate of 1.9 per cent during the period, rather than the 1.6 per cent announced earlier.

Ministry of Finance data published at the beginning of December suggested that capital spen…