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Japan's economy contracted by 0.6% in Q3 2019, due to reduced demand and global slowdown.
Japan's economy is projected to have contracted by 0.6% in the third quarter of 2019, preceded by a 0.3% decline in the first quarter, on an annualized basis.
This economic downturn seems to stem from reduced domestic demand, private consumption, and capital expenditure, as well as global economic slowdown and trade tensions.
The contraction occurred before recent US tariffs, suggesting these tariffs may not be the primary cause.
This economic decline could affect the Bank of Japan's policies and Prime Minister Ishiba's re-election prospects.
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La economía de Japón se contrajo en un 0,6% en el tercer trimestre de 2019, debido a la reducción de la demanda y la desaceleración global.