Islands dispute pushes Japan into 'recession' | The Times

Japan is likely to be in recession after its GDP shrank by 0.9 per cent in the third quarter, the worst performance since the devastating earthquake and tsunami that struck the country in March last year, economists said yesterday.

A triple blow of slowing global demand, a continuing territorial dispute with China and falling domestic consumption has brought renewed pain to the world?s third-largest economy, which had barely recovered from the impact of the Fukushima nuclear disaster last year.

The Japanese Government, which is feeling the pressure, led calls yesterday for the country?s central bank to take powerful steps to

Source: http://www.thetimes.co.uk/tto/business/economics/article3597597.ece

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