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Japan slips into recession, Germany now world’s third-biggest economy

By Inquirer - 9 months ago
TOKYO  —Japan’s economy slipped into a recession as it unexpectedly shrank for two straight quarters on weak domestic demand, data showed on Thursday, raising uncertainty about the central bank’s plans to exit its ultra-easy policy sometime this year. The surprisingly weak performance saw Japan lose its title as the world’s third-largest economy, replaced by Germany.

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