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Japan Economy Shrinks, Hit by Supply-Chain Troubles
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TOKYO—Japan’s economy shrank in the July-September period owing to a fall in exports caused by supply-chain constraints and lower consumer spending during a Covid-19 state of emergency.
The decline will likely give a push to Prime Minister Fumio Kishida’s plans for cash handouts to families to stimulate the economy, although economists expect growth to resume in the current quarter regardless.
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