Associated Press “Japanese recession worse than thought” http://www.theguardian.com/world/2014/dec/08/japanese-recession-worse-than-thought
Japan’s economy contracted 1.9% in annual terms in the July-September period, according to revised data released on Monday that confirmed a recession in the world’s third-largest economy ahead of an election on Sunday.
Data for both business and public spending were worse than anticipated. Most economists had forecast an upward revision of earlier figures showing a 1.6% contraction.
On a quarterly basis, the economy shrank 0.5%. The earlier estimate was that it had fallen 0.4%. In the April-June quarter, the economy contracted 7.3%.
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