Japan’s economy shrank an annualized 3.5 percent in the three months to September. This meant GDP had contracted for two consecutive quarters, fulfilling the textbook definition of a recession. The weakness will likely stoke opposition leader Shinzo Abe’s calls for more stimulus measures and could boost his chances of winning Japan’s election on December 16. Abe’s Liberal Democratic Party is already ahead in the polls.
Japan sinks into recession
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