Data show Japan's economy contracted an annualised 1.4 percent in the final quarter of last year. The GDP contraction was bigger than a market forecast of a 1.2 percent decline.This comes as consumer spending slumped in Japan, and exports to emerging markets have failed to gain momentum.However, while commenting on the fall, government spokesman Chief Cabinet Secretary Yoshihide Suga insisted that overall, things remained positive. Last month the Bank of Japan unexpectedly cut a benchmark intere...
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