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Sunday, November 16, 2008

Japan's Yosano says economy in recession

Japanese Economics Minister Kaoru Yosano said on Monday the nation's economy was in recession. "As for the outlook, the downtrend in the economy will continue.

Yosano told a news conference after government data showed that Japan's economy shrank 0.1 percent in the third quarter to mark the second straight quarter of contraction.

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