Japan falls into recession for second time under 'Abenomics'
Weakness in business investment and shrinking inventories drove the contraction
Japan’s economy contracted in the third quarter as business investment fell, confirming what many economists had predicted: The nation fell into its second recession since Prime Minister Shinzo Abe took office in December 2012.
Gross domestic product declined an annualised 0.8 per cent in the three months ended September 30, following a revised 0.7 per cent drop in the second quarter, meeting the common definition of a recession. Economists had estimated a 0.2 ...
