Preliminary data from November 15 shows the Japanese economy shrinking by 0.5% q-o-q (-2.1% annualised, +1.2% y-o-y), in line with expectations and marking the first output fall of the year.
Latest Development: Preliminary data published on November 15 showed the Japanese economy shrinking by a seasonally-adjusted 0.5% q-o-q (-2.1% annualised, +1.2% y-o-y). This was broadly in line with the 0.6% contraction expected by consensus, and marked the first fall in output this year.
Source : Quick View: Japan’s Q3 Economic Contraction Casts Shadow Over Outlook