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March 8, 2002
Japan Economy Contracts for 3rd Consecutive Quarter
Japan's economy contracted sharply in the fourth quarter of 2001, by 1.2 percent, the government reported today. It was the third consecutive quarter in which the economy shrank, the first such streak in nearly a decade. For all of 2001, the economy contracted 0.5 percent.
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12:38:22 PM
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