Blue Flower

Japan's dipped into a brief recession last year after consumers tightened their belts following an increase in the consumption taxJapan on Friday published a string of mostly weak data, the first major figures since news that the world's number three economy had slipped back into recession. A key inflation gauge showed prices fell in October from a year ago, while spending by households also dropped in a double blow for Prime Minister Shinzo Abe's high-profile growth blitz, dubbed Abenomics. As a result, we are seeing more employment in low-wage jobs." Earlier this month, official figures showed that Japan's gross domestic product (GDP) shrank 0.2 percent in the July-September period, or an annualised contraction of 0.8 percent, marking the second straight quarterly decline.