Japan Economy Officially In Recession

in Economy & Policy

Japan , the world’s second-largest economy is in a recession officially.

Japans gross domestic product has fallen by 0.4 percent this year, pushing Japan into its first recession since 2001.

Japan joined Germany and Italy on the list of major economies that are now officially in recession.

The last time Japan fell into recession was in 2001 after the Internet bubble burst.

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