Japan Enters a Recession

Japan moved into a recession Monday after revised numbers for the year’s second quarter were released. The updated government data showed that the country’s economy shrunk for the second straight quarter over the period of July to September. Analysts said that slow exports will do little to invigorate the economy in the third quarter, and they expect to see another period of contraction through December. Japan’s GDP contracted 0.9 percent over the second quarter, according to the revised numbers.