Japan economy contracts 3.6pc in q3.

Byline: S. Kamal Hayder Kazmi

Japan's economy contracted at a 3.6 percent annual rate in July-September, according to a revised estimate released Wednesday.

The downgraded growth estimate for the last quarter, down from an earlier report of a 3.0 percent contraction, reflected weaker consumer spending and trade, the government said.

The world's third-largest economy has been mired in recession and struggling to recover from the impact of waves of coronavirus infections.

The latest outbreak...