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Japan GDP shrinks 0.2% in November, hit by inflation: JCER

Household consumption fell 1.2%, the largest dip in 9 months

Shoppers in Japan are reining in spending due to inflation.    © Reuters

TOKYO -- Japan's gross domestic product shrank 0.2% in November on a month-on-month seasonally adjusted basis, as inflation hits private spending, the Japan Center for Economic Research said on Wednesday.

However, if December GDP grew at the October-November average rate, Japan's economy would have expanded by 2.9% in real terms in the final quarter, compared with the September period, the JCER said.

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