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February 15, 2024 10:15 AM

Recession in Japan forces it lose third largest economy tag to Germany

Japan's economy has contracted unexpectedly, pushing the country into recession and causing it to lose its position as the world's third largest economy to Germany. Gross domestic product shrank at an annualized pace of 0.4 per cent in the last three...

November 15, 2023 9:48 AM

Japan’s economy contracts as recession risks grow

Japan's economy contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports, complicating the central bank's efforts to gradually phase out its massive monetary stimulus amid rising inflation. Gross dome...

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Last updated on: 11th April 2026