Japan’s economy contracted 1.8% annualised in July–September, dragged down by US tariffs on exports. Quarter-on-quarter GDP fell 0.4%, with exports down 1.2%. Imports slipped 0.1% and private consumption edged up 0.1%. Political uncertainty eased after a new prime minister.
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra also said that they are working to further reduce compliance burden for industry.
