Japan sank into recession with its ailing economy shrinking 0.5 percent in real terms in the July-September period from the previous quarter, the Cabinet Office said Friday. The drop translates into an annualized rate of 2.2 percent.
The gross domestic product, or the total value of goods and services produced within the nation’s borders, fell for the second straight quarter.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.