Japan slips into recession

Wednesday, November 19, 2014 at 8am

Oil prices fell and global equity markets were mixed on Monday after news that Japan unexpectedly slipped into recession in the third quarter renewed concerns about world growth. The Japanese yen steadied against the U.S. dollar, pulling back from a fresh seven-year low, as the economic data set the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call an election two years before he has to.
 
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Note: Article has been sourced externally, and links directly to the original publication. Posted on: 19 November 2014

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