by: xpoolPosted on:

Japan’s Economy Contracts for First Time in Six Quarters

Japan’s GDP has contracted for the first time in six quarters, according to a preliminary report from the country’s Cabinet Office. The Nikkei 225 index witnessed a decline of 1%, closing at 49,864.87 points. Despite expectations of a 2.5% drop, this contraction signifies a significant shift in economic performance.

Related posts:

  1. Government Shutdown’s Economic Impact More Severe Than Anticipated
  2. Japan Unveils $110 Billion Stimulus Plan to Revitalize Economy
  3. Japan Unveils $110 Billion Stimulus Package to Boost Economy
  4. Japan’s 17 Trillion Yen Stimulus: A Nation Battling Labor Shortages and Economic Uncertainty