TOKYO—Japan’s economy contracted at a 3.6 percent annual rate in July-September as a wave of coronavirus infections crimped travel and other activities, the government said Wednesday. The estimate for the last quarter, downgraded from an earlier report of a 3.0 percent contraction, reflected weakness in consumer spending and trade, the government said. In quarterly terms,…
Japan Economy Contracts 3.6 Percent in Third Quarter as Virus Hits Spending
December 8, 2021
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