Japan July-Sept. GDP revised down, first drop in 6 qtrs on weak investment

Japan's economy shrank an annualized real 2.3 percent in the July-September period, revised down from an initially reported 1.8 percent decline, hit by weaker business investment amid uncertainties stemming from higher U.S. tariffs, government data showed Monday.It marked the first contraction in six quarters, driven by one-off factors such as sluggish exports, which economists expect to improve in the October-December quarter with concerns over U.S. President Donald Trump's tariffs easing following negotiations.The outlook for Japan's economy is gloomy as cost-push inflation, caused in par…READ FULL ARTICLE