Many analysts had hoped data revisions would show Japan had not entered a recession last quarter. Fact is, the slump was deeper than anticipated.
The Japanese economy contracted by 0.5 per cent in the third quarter, new revisions show, versus a 0.4 per cent fall in an an earlier estimate.
At an annualised pace, GDP fell by 1.9 per cent in the third quarter, versus an earlier estimate of -1.6 per cent. Estimates had assumed a -0.5 per cent fall.
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