TOKYO Japan’s economy contracted in the latest quarter, signaling that like Europe it may already be in recession, further weighing down world growth.
On an annualized basis, the world’s No. 3 economy shrank 3.5 percent in the July-September quarter, the government reported Monday.
It was in line with gloomy forecasts after Japan’s territorial dispute with China hammered exports that were already weakened by feeble global demand.
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