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Japanese Economy Sees Worst Quarterly Decline Since 2011

Japan's economy has experienced its worst quarterly decline since the 2011 earthquake and tsunami disaster. Figures released Wednesday show Japan's gross domestic product shrank at an annual pace of 6.8 percent during the second quarter. When compared to the previous three months, the economy fell 1.7 percent. The drop was expected. It is seen as the result of a sales tax increase that held back household and corporate spending. The government in April raised the...

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