Japan’s economy contracted in the third quarter, but the decline was smaller than markets anticipated. GDP fell -0.4% qoq versus expectations of -0.6%. The annualized figure showed -1.8% drop compared with forecasts of -2.5%. The softer-than-expected contraction reflected pockets of resilience in domestic demand despite broader weakness. Government spending rose 0.5% qoq and private consumption […]The post Japan’s GDP avoids deeper Q3 slump as public spending cushions demand appeared first on Action Forex.