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Japan's economy contracts in fourth quarter

BBC News - Feb 15, 2016
Japan's economy contracted in the final three months of 2015, adding to a string of setbacks for the government's economic reform policy.

Between October and December, it shrank by 0.4% compared with the previous quarter, official figures show.

Expectations for the numbers were for a quarterly contraction of 0.3%.

Weaker domestic demand, together with slower investment in housing, contributed to the disappointing numbers.

On an annualised basis the economy contracted 1.4% during the period. That compares with expectations for an annualised contraction of 1.2%.

The annualised figure is the rate at which the economy would have contracted over a full 12 months had the December quarter been a reflection of the entire year.
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