Japan’s Economy Falls Back Into Recession

Japan’s economy contracted by an annualised 0.8% from June to September, pushing the economy back into recession. Economists had predicted an annualised decline in GDP of 0.4%.

The economic slowdown in China has affected not just emerging economies, but nations in the Eurozone and other parts of the world.

This is the fourth time in the last five years that the Japanese economy has dropped its GDP in successive quarters. Despite one of the largest monetary stimulus programs in its history, the Bank of Japan has been able to rein in the economy. The economy weakens in the wake of a big rise in taxes.