Japanese economy contracts for third straight quarter
Japan's economy contracted for the third straight quarter in the three months to end of December, underlining the challenges the new government faces in reviving growth.
The economy shrank 0.1% compared with the previous three months. Most analysts had forecast growth of 0.1%.
That is equivalent to an annualised dip of 0.4% in gross domestic product.
Japan's growth has been hurt by a drop in exports to key markets as well as subdued domestic consumption.
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