Japan's economy sank into recession in the second and third quarters, fuelling opposition leader Shinzo Abe's calls for more stimulus and highlighting the risk that weak growth will derail a planned sales tax rise.
Gross domestic product shrank an annualised 3.5 per cent in the three months to September 30, the Cabinet Office's second estimate showed in Tokyo yesterday, matching a preliminary reading.
The government revised downwards the previous quarter's figure to a 0.1 per cent contraction, matching the textbook definition of a recession.
via Business feed http://www.scmp.com/business/economy/article/1102443/recession-threatens-japans-tax-rise
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