چهارشنبه ۳۰ بهمن ۱۳۹۸
الأربعاء ٢٥ جمادى الثانية ١٤٤١
Wednesday, February 19, 2020
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has called on all branches of the government to join forces to counter the negative impacts of brutal American sanctions against the Iranian nation.
A big fall in business spending plunged the economy into a deeper recession.
The revised figures, which come just days before Japan's national elections, showed that business spending dipped by 0.4% from the previous quarter, instead of the 0.2% estimated in the preliminary reading.
The world's third largest economy unexpectedly fell into a technical recession after shrinking for the second consecutive quarter in July to September.
It had contracted 7.3% in the second quarter, which was the biggest fall since the March 2011 earthquake and tsunami.
An increase in the country's sales tax, which was first raised in April from 5% to 8%, had hit growth in the second quarter and still appeared to be having an impact on the economy.
The dire data had led Prime Minister Shinzo Abe to call a widely-anticipated snap election last month, to seek a mandate to delay an increase in the tax to 10%, scheduled for 2015.
The tax increase was legislated by the previous government in 2012 to curb Japan's huge public debt, which is the highest among developed nations.
Adding to the downbeat data, a Reuters poll on Monday showed that confidence among Japanese manufacturers fell in December and is expected to deteriorate further.
The Reuters Tankan sentiment index for manufacturers fell to 10 in December from 13 in November, with automakers taking a hit.
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