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December 15, 2014

Global Economic Analysis and News of Note

  • The Japanese economy contracted at a 1.9 percent annualized rate in the third quarter of 2014. The decline was nearly four times more significant than the 0.5 percent contraction analysts had predicted. A drop in business investment drove the negative report. Taro Saito, from Tokyo’s NLI Research Institute told Bloomberg, the “report shows a pretty bleak picture of Japan’s economy” but that “the weakening yen should provide a boost to manufacturers and those benefits will penetrate through a wide range of industries.”