Japan's Economy Contracts, Takaichi Faces Trade Tensions

Japans economy contracts by 2.3% in Q3, marking a steeper decline than initially estimated, due to a drop in exports and public spending. Exports fell by 1.2% amid US tariffs, while private housing investments dropped by 8.2% due to new building codes. The new Prime Minister, Sanae Takaichi, faces economic challenges amidst global trade tensions. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.