Japan's economy contracts in fourth quarter
- 8 years ago
Japan's economy contracted in the final three months of 2015, adding to a string of setbacks for the government's economic reform policy.
Between October and December, it shrank by 0.4% compared with the previous quarter, official figures show.
Expectations for the numbers were for a quarterly contraction of 0.3%.
Weaker domestic demand, together with slower investment in housing, contributed to the disappointing numbers.
On an annualised basis the economy contracted 1.4% during the period.
That compares with expectations for an annualised contraction of 1.2%.
The annualised figure is the rate at which the economy would have contracted over a full 12 months had the December quarter been a reflection of the entire year.
Between October and December, it shrank by 0.4% compared with the previous quarter, official figures show.
Expectations for the numbers were for a quarterly contraction of 0.3%.
Weaker domestic demand, together with slower investment in housing, contributed to the disappointing numbers.
On an annualised basis the economy contracted 1.4% during the period.
That compares with expectations for an annualised contraction of 1.2%.
The annualised figure is the rate at which the economy would have contracted over a full 12 months had the December quarter been a reflection of the entire year.