TOKYO: Japan probably avoided a recession in the third quarter of this year, but Asia’s biggest economy looks set to shrink in 2009 as the financial crisis bites, analysts predict. (The Economic Times)

Further Reading:

Japan slides into recession (Japan Times)
Japan joins Europe in recession; G20 fails to cheer (Reuters)
Japan – world’s No. 2 economy – in recession (CNN Money)
Japan slides into recession, 1st time since 2001 (Idahosalesman)

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