Pandemic sinks Japan business mood to decade low, outlook even bleaker

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The downbeat findings came after data showed Japan slipped into its first recession in four and half years last quarter.

The slump in Japanese business confidence deepened in May, hitting decade lows as firms braced for a protracted period of coronavirus-driven economic weakness, theThe downbeat findings came after data this week showed

the world’s third-largest economy slipped into its first recession in four and a half years last quarter, as the broadening impact of the highly contagious virus depressed business and consumer activity at home and abroad.

 

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