Japanese economy in first recession since 2001
TOKYO - Recession is back in Japan after a seven-year hiatus, and fingers this time are pointing outside the country as the latest global boom quickly deteriorates into bust.
Government data Monday showed that the economy contracted at an annual pace of 0.4 percent in the July-September period after falling an annualized 3.7 percent in the second quarter. That means Japan, along with the 15-nation euro-zone, is now technically in a recession, ...
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