RPT-Japan third-quarter GDP shrinks 0.9 pct q/q
TOKYO Nov 12 (Reuters) - Japan's economy shrank 0.9 percent in July-September from the previous quarter, the first contraction in three quarters, government data showed, in a sign that faltering global demand and weak consumer spending may push the economy into a mild recession.
The contraction was in line with the median estimate for a 0.9 percent fall, according to a Reuters poll, and followed a revised 0.1 percent rise in the April-June quarter.
Japan's gross domestic product (GDP) figure translated into an annualised decline of 3.5 percent, slightly bigger than the median economist forecast of a 3.4 percent fall.
- China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan |
- U.S. court rulings create new uncertainty over Obamacare
- Israel pounds Gaza despite international peace efforts |
- EU readies possible capital, tech sanctions on Russia
- Train carrying MH17 bodies on final journey reaches Ukraine city |