Japan has slipped into a recession according to The Japan Times.
They wrote:
The economy shrank for a second quarter in a row in the quarter ended in September, revised government data said Monday, indicating that a mild recession has begun amid sluggish global demand.
The Cabinet Office said gross domestic product fell at an annual pace of 3.5 percent in inflation-adjusted terms, unchanged from preliminary data, but it revised the GDP figures for the preceding quarter to a small contraction, matching the textbook definition of a recession.
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