JAPAN
Economy Slipped During Last Quarter of ‘94: The economy shrank slightly in the final quarter of 1994, and the yen’s recent surge is expected to further dampen prospects for recovery. Japan’s gross domestic product for the October-December quarter fell 0.9% from the previous quarter, ending four straight quarters of rises, the government’s Economic Planning Agency said. Annualized GDP for the quarter fell 3.4%. Gross national product, which includes exports, fell 0.8% from the previous quarter, an annualized 3.3%.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
