In the third quarter, the Japanese economy fell by 1.6% on year. The analysts questioned by Bloomberg earlier supposed that economy's growth would make up 2.2%. The Japanese economy – the third largest world economy - unexpectedly contracted according to the Q2 results and mired into recession in the second quarter of 2014. Revised data of the 2nd quarter shows that the Japanese economy contracted 7.3% vs. 7.1% - the earlier announced figure. The economy's fall in Q2 was the highest since 2009. Last week, information surfaced about possible pre-term parliamentary election in Japan and also about the delay in consumption tax hike to 10%.
