Japan Slips to Fourth-Largest Economy as Recession Hits
TL;DR Summary
Japan unexpectedly falls into a recession as its GDP contracts by 0.4% in the last quarter of 2023, potentially losing its position as the world's third-largest economy to Germany due to the weakness of the Japanese currency against the dollar. The country's central bank may delay a decision to raise borrowing costs as it grapples with the economic downturn.
- Japan unexpectedly slips into a recession BBC.com
- Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession Yahoo Finance
- Japan loses spot as world’s third-largest economy as GDP continues to shrink MarketWatch
- Japan slips into recession allowing Germany to overtake as world’s third largest economy CNN
- Japan slips to the world's fourth-largest economy, behind the US, China and now Germany The Associated Press
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