Japan’s economy is shrinking again

Japan's economy is shrinking again

Japan is going backwards again.The country’s GDP shrank by 1.4% in the last three months of 2015,underlining the challenges for officials who have been trying for years to drag the world’s third-largest economy out of stagnation.The gloomy number comes at a turbulent time for Japanese financial markets. Stocks in Tokyo plunged more than 11% last week as the country’s currency, the yen, soared to its highest level against the dollar since late 2014.