Japan GDP shrinks less severe 0.8% in July-Sept., sluggish demand

Japan's economy shrank an annualized real 0.8 percent in July-September, compared with the 1.2 percent previously reported, as domestic demand was slightly stronger, although its recovery from the COVID-19 fallout lacked vigor, government data showed Thursday.Real gross domestic product, adjusted for inflation, shrank 0.2 percent on a quarterly basis, revised upward from minus 0.3 percent. After the Cabinet Office revised past data, the world's third-largest economy marked its first shrinkage in two quarters, instead of four quarters.Japan has seen the size of its economy return to pre-pand…READ FULL ARTICLE