Japan's economy, the second largest in the world, slipped into recession in the third quarter as companies slashed investment to weather the financial crisis, official data showed Monday.
Japan's economy contracted by 0.1 percent in the three months to September, after shrinking 0.9 percent in the second quarter of the year, according to a preliminary estimate released by the Cabinet Office.
A recession is usually defined as two or more consecutive quarters of negative economic growth.
Japan's economy contracted by 0.1 percent in the three months to September, after shrinking 0.9 percent in the second quarter of the year, according to a preliminary estimate released by the Cabinet Office.
A recession is usually defined as two or more consecutive quarters of negative economic growth.
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