Japanese Bloodbath

BLOODBATH: Japan’s Economy Contracts 1.6% in Q3, Misses Growth Target of +2.1%

Japan’s economy is in technical recession after gross domestic product (GDP) shrank in the third quarter, defying expectations for growth. The world’s third-largest economy contracted an annualized 1.6 percent in the July-September quarter, data showed on Monday, compared with a Reuters forecast for a 2.1 percent gain. The economy contracted a revised 7.1 percent in…

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