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Japan%27s+third+quarter+recession+deeper+than+forecasted
Monday, 08 December 2014 - 13:55
Japan's third quarter recession deeper than forecasted
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Japan's economy shrank more than initially forecast in the third quarter of 2014.

The economy contracted by 1.9% in annual terms from July to September, well above a preliminary reading of 1.6%.

It also shrank 0.5% on a quarterly basis, compared to an initial estimate of 0.4%.

A big fall in business spending plunged the economy into a deeper recession.
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