Japan’s GDP down -0.5% qoq, -2.1% annualized in Q3

Japan’s GDP contracted -0.5% qoq in Q3, starkly underperformed market expectations of -0.1% qoq decline. On annualized basis, the situation appears even more drastic, with the economy shrinking by -2.1%, far exceeding anticipated -0.6% contraction, and being the worst since Q3 2021. A critical factor in this downturn was a -0.6% decrease in business investment, […]

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