Japan’s Economy Contracts Amid Supply Chain Turmoil
Japan’s economy was in the red again in the third quarter, following slight growth in Q2. Official data released on Monday show that Japan‘s Gross Domestic Product (GDP) shrank between July and September much faster than expected, with a drop of 0.8% compared to the previous quarter. Q3 2021 hedge fund letters, conferences and more Japan’s EconomyAccording to government statistics, the decline in domestic consumption during the state of emergency in the summer, as well as interruptions in the global supply chain, are among the main causes of these unflattering figures. As reported by Reuters, ...