TOKYO -- Japan's gross domestic product in January shrank a seasonably adjusted 0.6% from the previous month, declining for a second month in a row and marking its steepest descent since August, the Japan Center for Economic Research said on Monday.
The Tokyo-based think tank also estimated that if the trend holds through this month, Asia's second-largest economy for the first quarter of this year will contract by an annualized 3.4% from the final three months of 2022.
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