Posted by: youngragingbull | February 14, 2013

Japan’s economy shrinks 0.1% in latest quarter

Japan’s economy continued its downward slide in the latest quarter, contracting for a third-straight time, the Cabinet Office reported Thursday.

Gross domestic product fell 0.1% in the October-December period, equivalent to a drop of 0.4% on an annualized basis. Economists surveyed by Dow Jones Newswires and Reuters expected GDP to rise 0.1%.

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