Japan's Q3 GDP contraction worsens

JAPAN'S ECONOMY CONTRACTED faster than initially estimated in the three months through September, due to new data dragging down capital spending figures, though economists said the blip is not enough to sway the central bank.

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GDP shrank an annualised 2.3% rather than 1.8%, the Cabinet Office has said, the quickest rate since the third quarter of 2023.Economists on average had estimated 2.0%, saying the contraction was likely to be reversed in the next quarter and that t