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International Business Times
International Business Times
Business
Julien GIRAULT, Tomohiro OSAKI

Japan Growth Slows As New PM Readies Stimulus

Wage hikes and temporary income tax cuts were positive factors for growth in Japan (Credit: AFP)

Japan's growth slowed in the third quarter, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world's fourth-largest economy.

One of the fiercest typhoons to hit Japan in decades and a government "megaquake" warning weighed on factory production and other economic activity this summer.

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