Japan economy shrinks 0.8% in Q3, back in recession
[TOKYO] Japan's economy slipped back into recession in the July-September quarter, contracting at a 0.8 per cent annualised rate on weak domestic demand, government data showed on Monday.
The preliminary figure for gross domestic product compared with the median estimate of a 0.2 per cent contraction in a Reuters poll of economists.
It followed a revised 0.7 per cent fall in April-June, which was the first decline in three quarters.
On a quarter-on-quarter basis, the economy shrank 0.2 per cent in the third quarter, the Cabinet Office data showed.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin