Japanese Economy is slowing down

The Japanese economy has disappointed economists’ forecasts.

Japan’s GDP unexpectedly fell in the last quarter of last year. The annual fall was 0.4% despite economists’ predictions of a rise of 0.4%. Despite the negative performance, Asian markets reacted positively. The Tokyo Stock Exchange advanced 0.5% and the Yen, basic unit of money in Japan, gained 0.24% against the Euro.

The Japanese economy decreased 0.1% in the previous quarter.