Japan's gross domestic product contracted an annualized 3.0 percent on year in the third quarter of 2021, the Cabinet Office said in Monday's preliminary report.
That was well shy of expectations for a drop of 0.8 percent on year following the downwardly revised 1.5 percent increase in the three months prior (originally 1.9 percent).
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.