Japan’s economic expansion cooled more than initially forecast in the second quarter, revised data showed, complicating the government’s planned consumption tax hike later this year. Ironically, the long delayed sales tax increase is expected to shrink Japan’s GDP output later this year, plunging the country closer to recession. Japan GDP Revised Downward Japan’s gross domestic […]
The post Japan Second-Quarter GDP Revision Sparks Recession Fears appeared first on CCN.com
source https://www.ccn.com/japan-second-quarter-gdp-revision-sparks-recession-fears/
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