Japan enters recession, but service sector brightens

12/10/2012 | Xinhuanet.com (China) · Wall Street Journal, The · Reuters

Japan's economy has officially entered recession, contracting 3.5% in the third quarter after a revised 0.1% pullback in the second quarter. Also, Japan's unadjusted current-account surplus narrowed to $4.57 billion in October. "Speaking generally, exports have been the weakest link in recent data, and the direction exports take will be key for economic recovery," said Jun Kawakami, market analyst at Mizuho Securities. Meanwhile, sentiment in Japan's service sector improved in November, according to a Cabinet Office survey.

View Full Article in:

Xinhuanet.com (China) · Wall Street Journal, The · Reuters

Published in Brief: