Tag: Japan GDP data shows the economy is shrinking more than expectedJapan GDP data shows the economy is shrinking more than expected

Japan economy shrinks more than expected

  TOKYO, JAPAN Japan’s economy contracted an annualised 1.4 percent in the final quarter of last year as consumer spending slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile recovery, Gross Domestic Product (GDP) data showed on Monday (February 15). The data underscores the challenges premier Shinzo Abe faces in dragging the economy out of stagnation, as exports to emerging markets fail to gain enough […]