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Japan Posts First Fiscal Deficit in Three Years at 0.4% of GDP

The latest data shows Japan’s fiscal balance turning negative after three years of surplus, with the shortfall equal to 0.4% of GDP.

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Terms & Concepts
  • Fiscal Deficit: When a government's total expenditures exceed its revenue, excluding debt-servicing costs, often expressed as a percentage of GDP.
  • GDP: Gross Domestic Product, the total monetary value of all goods and services produced within a country during a specific period.