Feb 15th, 2024
Japan Slips Into Recession, Clouding Central Bank Rate Path
Japan’s economy unexpectedly slipped into recession. Gross domestic product shrank at an annualized pace of 0.4% in the final three months of last year, following a revised 3.3% contraction in the previous quarter. The result will complicate the central bank’s case to conduct the first rate hike in Japan since 2007. Paul Jackson reports on Bloomberg Television.
