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Japan Economy Shrinks by Most in 35 Years

4th-quarter contraction of 3.3% was 3 times worse than US

By Jason Farago,  Newser Staff

Posted Feb 16, 2009 6:38 AM CST

(Newser) – Japan's economy contracted by a shocking 3.3% in the fourth quarter of 2008, three times worse than the US and the worst performance in 35 years. The Financial Times reports that a sharp drop in exports contributed to the slump—the third straight quarter...   Read full story »

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