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00:02:03Japan's economy is no longer ranked third.
Japan's economy is no longer the third biggest in the world. Germany surpassed the Asian nation in that ranking after the latter entered a recession and contracted during the final half of 2023. According to official data, sluggish domestic demand caused Japan's GDP to contract unexpectedly. Due to this, the central bank's intentions to end its highly loose monetary policy this year have become less assured.
#japan #recession #latestnews
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