Japan Confronts Economic Downturn as Germany Nears Overtaking

Japan’s economy contracted by 0.5% in the recent quarter, a decline that was greater than the 0.1% fall analysts had initially anticipated. Japan is the third-largest global economy. It had been growing for two consecutive quarters before this downturn. The cause of this shrinkage is twofold. First, domestic demand within Japan weakened. Second, global economic […]

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