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REGIONAL ECONOMIES

Japan's recession deeper than expected

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

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Confirmation that the world's third largest economy is in recession vindicates Mr Abe's controversial decision to postpone a further rise in the national sales tax, analysts say.

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

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