Japan’s Emergence From Recession Weaker Than First Thought
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Japan’s emergence from recession was weaker than first estimated as companies unexpectedly cut investment and drew down their inventories, offsetting a pickup in consumer spending.
Gross domestic product expanded an annualized 1.5 percent in the three months through December from the previous quarter, less than a preliminary 2.2 percent, revised government data show. The rebound followed a contraction caused by an increase in the sales tax last April.