Japan 3Q GDP Falls 0.5% on Quarter

The transcript discusses the unexpected contraction of Japan's economy by 1.9% in the third quarter, which was more than the initial estimate of 1.6%. This poses a challenge for Prime Minister Abe as he approaches the upcoming election. Key issues include low inflation rates and the yen's depreciation. Abe's economic policies, known as Abenomics, face scrutiny as smaller firms struggle. The planned sales tax hike has been delayed to support economic recovery, with expectations of a slight growth boost.

What impact has the sales tax hike had on the Japanese economy?

How much do economists predict the growth in Japan will increase due to the tax hike?