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Al Jazeera
Al Jazeera
Business

Japan’s economy unexpectedly shrinks as consumptions slows

Japan’s economy unexpectedly shrank in the third quarter [File: Yuriko Nakao/Reuters]

Japan’s economy has unexpectedly shrunk in the third quarter as private consumption slumped and import costs rose.

Asia’s second-largest economy contracted 0.3 percent during July-September, official data showed on Tuesday, after three consecutive quarters of growth.

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