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Japanese Economy Experiences the Worst Downturn in Four Years

Japan's economy contracted 2.5 percent in the third quarter of this year, July-September, which marks the worst downturn in the past four years. The revised data released Monday was more than double the initial estimate of a 1.2 percent contraction. The slide is in part driven by a series of natural disasters that hit Japan, which forced factories to cut production, and contributed to lower consumer demand and corporate investment. To a lesser extent, the U.S.-China trade...

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