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Japan’s economy contracted at a 1.8% annual pace in July-September as President Trump’s tariffs hit exports and private residential investment plunged.

Data released by the government Monday showed that on a quarter-by-quarter basis, Japan’s gross domestic product, the sum value of its goods and services, slipped 0.4%, the first contraction in six quarters.

The annualized rate shows what the economy would have done if the same rate were to continue for a year.

In the April-June quarter, the Japanese economy grew 0.6% on quarter, while in the January-March period, it grew 0.2%..

Exports fell 4.5% in annual terms in the three months through September.

As Trump implemented higher t

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