Amid hopes for a quick turnaround in Japan with a new monetary and fiscal policy in place, GDP figures showed the nation's economy continued to contract in the fourth quarter, shrinking at an annual rate of 0.4% from the previous three months. In addition, third-quarter GDP was revised to a 3.8% decline from the previously estimated 3.5% drop. The latest quarterly pullback was the third straight, leaving Japan mired in recession.

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