TOKYO -- The Japanese economy shrank for the first time in four quarters in the July to September period, as inflation and the weak yen hit the country, which also saw a big COVID-19 wave during the three-month period.
Economy
Japan GDP shrank annualized 1.2% in Q3 amid weak yen, inflation
Consumption, capital investment slowed while import surge led economy contracted
As inflation has quickened, weakening private consumption is becoming a concern for Japan's economy. (Photo by Suzu Takahashi)
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