SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Japan’s economy shrinks for the third straight quarter, with its key engines of growth — exports and corporate capital outlays — still in a slump. The economy contracts 0.4% in the last three months of 2012, a rate steeper than analysts’ forecasts. Exports fall 3.7% though economists are hopeful the recent drop in the yen may give exporters a lift. Japan will likely rely on government programs to prop the economy, such as several stimulus measures approved by the previous government and a massive spending package announced by Prime Minister Shinzo Abe.
Read more on The Wall Street Journal
Add a comment
How does this make you feel?
Loading
There are no comments yet. Add your comment to start the conversation.