{"id":2634,"date":"2014-12-08T06:55:49","date_gmt":"2014-12-08T11:55:49","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2634"},"modified":"2014-12-08T06:55:49","modified_gmt":"2014-12-08T11:55:49","slug":"japanese-recession-worse-than-thought-world-news-theguardian-com","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2634","title":{"rendered":"Japanese recession worse than thought | World news | theguardian.com"},"content":{"rendered":"<p><a href=\"http:\/\/www.theguardian.com\/world\/2014\/dec\/08\/japanese-recession-worse-than-thought\">Japanese recession worse than thought | World news | theguardian.com<\/a>.<\/p>\n<p style=\"border-collapse: collapse; font-family: arial, sans-serif; background-repeat: no-repeat no-repeat; padding: 0px; margin: 0px 0px 13px 0px;\">Japan\u2019s economy contracted 1.9% in annual terms in the July-September period, according to revised data released on Monday that confirmed a recession in the world\u2019s third-largest economy ahead of an election on Sunday.<\/p>\n<p style=\"border-collapse: collapse; font-family: arial, sans-serif; background-repeat: no-repeat no-repeat; padding: 0px; margin: 0px 0px 13px 0px;\">Data for both business and public spending were worse than anticipated. Most economists had forecast an upward revision of earlier figures showing a 1.6% contraction.<\/p>\n<p style=\"border-collapse: collapse; font-family: arial, sans-serif; background-repeat: no-repeat no-repeat; padding: 0px; margin: 0px 0px 13px 0px;\">On a quarterly basis, the economy shrank 0.5%. The earlier estimate was that it had fallen 0.4%. In the April-June quarter, the economy contracted 7.3%.<\/p>\n<p style=\"border-collapse: collapse; font-family: arial, sans-serif; background-repeat: no-repeat no-repeat; padding: 0px; margin: 0px 0px 13px 0px;\">Economists say adjustments in inventories are overstating the weakness of the economy somewhat, and that monthly data are more upbeat.<\/p>\n<p style=\"border-collapse: collapse; font-family: arial, sans-serif; background-repeat: no-repeat no-repeat; padding: 0px; margin: 0px 0px 13px 0px;\">\u201cThe upshot is that the economy likely returned to growth this quarter,\u201d Marcel Thieliant, of Capital Economics, said in a commentary on Monday.<\/p>\n<div>&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Japanese recession worse than thought | World news | theguardian.com. Japan\u2019s economy contracted 1.9% in annual terms in the July-September period, according to revised data released on Monday that confirmed a recession in the world\u2019s third-largest economy ahead of an election on Sunday. Data for both business and public spending were worse than anticipated. Most [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1752,452,1751,1264],"class_list":["post-2634","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economic-contraction","tag-japan","tag-japan-recession","tag-recession"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2634"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2634\/revisions"}],"predecessor-version":[{"id":2635,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2634\/revisions\/2635"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}