Economics

Japan’s Economy Decelerates Sharply Amid Trade Tensions

Tokyo’s spat with Seoul pummels spending by Korean tourists
Rush demand before sales tax hike proves weaker than forecast

Izumi Devalier of Bank of America Merrill Lynch talks about the nation’s latest growth data and its outlook. (Source: Bloomberg)

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By Yoshiaki Nohara

November 13, 2019 at 11:55 PM UTC

Updated on

November 14, 2019 at 3:05 AM UTC

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Japan’s economy slowed sharply in the third quarter as overall exports continued to fall amid trade tensions and a shopping splurge before a sales tax increase ran down stockpiles of goods.