Japan’s economy shrank in the third quarter due to natural disasters and the trade war
> The economy contracted by an annualised 1.2% between July and September, preliminary figures showed.
> A devastating earthquake and typhoon were among the disasters to hit Japan this year, and prompted the bigger than expected contraction.
> The slowdown also comes as the US and China fight a trade war which risks hurting global trade and growth.
> Exports fell 1.8% from the previous quarter, the fastest decline in more than three years, Reuters said.
> The US-China trade war could hit Japan particularly hard because of its important role in the global supply chain.