The economy may suffer a significant downturn in a 2023 with soaring inflation, according to Capital Economics The world's third-largest economy, Japan, is likely to enter a recession in 2023, Capital Economics told CNBC on Tuesday. The warning comes as inflation in the country hit the highest in over four decades in October, driven by a weak yen and imported cost pressures. According to Marcel Thieliant, senior Japan economist at the consultancy, the recession will “mostly be driven by a drop in exports and also by becoming more cautious, which is typically what you see when exports start to fall.” Japan recentl
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