By Jonathan Davies

The Japanese economy fell into a deeper recession than first estimated in the third quarter, according to revised figures.

Japan's GDP fell by 1.9% between July and September, compared with the initial estimates of 1.6%.

On a quarterly basis, the economy shrank by 0.5% - up from estimates of 0.4%.

There were new figures on business spending, which showed a 0.4% decline compared to estimates of 0.2%.

The figures come just days before Japan's national elections and follow a number of measures implemented by Japan's Prime Minister Shinzo Abe, including sales tax hikes.

Join us on
Follow @freshbusiness