The japanese economy shrank 1.8 percent from the same quarter last year as u.s The bank of japan will consider these factors for its next interest rate decision. Tariffs dampened automobile exports and prompted a bleak outlook for growth.
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Japan’s economy sank at an annualised rate of 1.8% in the july to september period, government data showed on monday, as president donald trump’s tariffs sent the nation’s exports spiralling.
This marks the first economic shrinkage in six quarters
Exports fell significantly due to u.s However, the contraction was less severe than anticipated
