Japan relapses into recession in July-September
Japan relapses into recession in July-September, a blow to 'Abenomics' - Yahoo Finance
TOKYO (Reuters) - Japan slipped into its fourth technical recession in five years between July and September - spotlighting how the government's "Abenomics" policies have struggled to drag the economy out of chronic stagnation.
Official data on Monday showed the world's third-largest economy shrank an annual 0.8 percent in July-September after a 0.7 percent contraction in the prior quarter, putting it firmly into recession - two consecutive quarters of declines.
They sure don't seem concerned. Their Nikkei is up over 13% in the last 6 weeks.
Tom
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