Arab Today, arab today japan economy shrinks
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

Japan economy shrinks

Arab Today, arab today

Arab Today, arab today Japan economy shrinks

Tokyo - SPA

Japan\'s economy shrank in the September quarter for the first time since last year. The 0.9 percent fall in GDP (Gross Domestic Product) was in line with expectations, although a decline in capital expenditure was much steeper than forecast. The fall in GDP translated into an annualized rate of decline of 3.5 percent, government data showed on Monday. While U.S. growth showed a modest pickup in the third quarter, Japan and the euro zone economies are shrinking, according to a report of Reuters.

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