By Walter Grand in Economy —

Japan's economy enters recession - GDP fell for the first time in four quarters

Japan's economy enters recession - GDP fell for the first time in four quarters
Photo by Manuel Cosentino / Unsplash

Falling QoQ 0.3%, YoY 1.2%. The economic downturn contradicts preliminary estimates of economists polled by Reuters, who predicted growth of 1.1%.

The reason for the drop: higher import costs due to higher energy costs.