Japan's Economic Contraction Deepens as Recovery Stalls - Bloomberg

Japan’s economy contracted more sharply than initially estimated as private consumption figures were revised to show a decline, an outcome underscoring the fragility of the post-pandemic recovery.

Gross domestic product shrank at an annualized 2.9% in the three months through September from the previous period, revised figures from the Cabinet Office showed Friday. That compared with a preliminary reading of -2.1% and economists’ forecast of -2.0%. Consumption was revised to -0.2% from flat.

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Japan's Economic Contraction Deepens as Recovery Stalls - Bloomberg
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