Japanese economy slips into recession

Comment on this story
JapaneseFlag http://sxc.hu/

Japan slipped into recession as the economy contracted in the second and the third quarters amid the yen’s rise, falling exports and growing tensions with China, the government said yesterday.

The economy shrank at an annualised pace of 3.5 percent in the third quarter, a figure that was unchanged from an earlier assessment, the Cabinet Office said.

However, the economic growth in the second quarter was revised downwards to a 0.1 percent contraction from 0.3 percent growth estimated last month, it said.

A recession is defined as two consecutive quarters of contraction. – Sapa-dpa


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.