Japanese economy contracts as Takaichi readies stimulus | Hindustan Times

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Japanese economy contracts as Takaichi readies stimulus

Japanese economy contracts as Takaichi readies stimulus

Japan's economy contracted by 0.4 percent in the third quarter, defying expectations of a 0.6 percent decline, marking the first contraction since early 2024. New Prime Minister Sanae Takaichi is preparing a substantial stimulus package over 17 trillion yen. Concerns arise over tensions with China, which may impact trade, particularly in the automotive sector.

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