Sunday, November 16, 2008

Japan Q3 GDP -0.1% qtr/qtr, -0.4% annualised

Japan's economy shrank 0.1 percent in the third quarter, sending the world's second-biggest economy into recession and lagging market expectations for anaemic growth of 0.1 percent.
Japan's gross domestic product figure translated into an annualised fall of 0.4 percent, lagging a consensus market forecast for a 0.3 percent expansion, government data showed on Monday.

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