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Japan unexpectedly slips into recession, loses world's third-biggest economy spot to this country

DNA Thursday, 15 February 2024
Two consecutive quarters of contraction are typically considered the definition of a technical recession.
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News video: Japan's Economy Slips, Loses Third Spot in World Rankings Amid Recession| Oneindia News

Japan's Economy Slips, Loses Third Spot in World Rankings Amid Recession| Oneindia News 03:02

 Japan falls to the fourth-largest economy, yielding to Germany, as it plunges into recession due to a weak yen and ageing population. Structural reforms are urged by Yoshitaka Shindo to spur growth. Japan's economic woes signal the need for urgent action to address demographic challenges and regain...

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