Economy

Japan’s economy shrinks 3 pc, faster than forecasted

KATHMANDU: Japan’s economy narrowed 3% year-on-year in the third quarter – transgressing the expected figure of 0.8%, according to data released on Monday. The country’s gross domestic product (GDP) also shrank by 0.8% quarter-on-quarter amid COVID-19 restrictions and global chip supply shortages, Japan’s Kyodo News reported. Japan’s GDP was...

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