Japan's Economy Contracts: Tariffs & Building Codes Impact

Japans economy contracts for the first time in six quarters, with a 1.8% annual decline in GDP due to export drops and a sharp decline in private residential investment. Prime Minister Takaichi plans increased government spending, potentially complicating the central banks inflation control efforts. Despite recent contraction, a rate hike in December seems unlikely. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.