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Japan's Recession

The world's second largest economy, Japan, contracted by a massive 3.3 per cent in the fourth quarter of 2008, or at an annual rate of 12.7 per cent. Why is there such a steep recession in Japan - and why did its government not see this coming?

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8 minutes

Βι¶ΉΤΌΕΔ World Service Archive

This programme was restored as part of the World Service archive project