Japan's economy shrinks annualized 6.3 pct in Q4

Source: Xinhua | 2020-02-17

Japan's economy shrank an annualized real 6.3 percent in the October-December quarter, the government said in a report on Monday.

The Cabinet Office said the contraction in inflation-adjusted gross domestic product for the three-month period equates to a 1.6 percent decrease from the previous quarter.

The latest figures mark the first contraction in five quarters.