Japan's Economy Contracts, Takaichi Faces Trade Tensions
Update: 2025-12-08
Description
Japans economy contracts by 2.3% in Q3, marking a steeper decline than initially estimated, due to a drop in exports and public spending. Exports fell by 1.2% amid US tariffs, while private housing investments dropped by 8.2% due to new building codes. The new Prime Minister, Sanae Takaichi, faces economic challenges amidst global trade tensions.
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