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Disappointing Nov data raises fresh doubts over Japan's economic recovery

Tuesday, December 29, 2015 - 05:50
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Retail sales fell by a sharper than expected one per cent in November from a year earlier. Personal consumption accounts for some 60 per cent of GDP in Japan and is a critical factor in the overall economy.

Tokyo

INDUSTRIAL output and retail sales both fell in Japan during November, it was announced on Monday, suggesting that 2015 will go out on a subdued note for the world's third largest economy and adding to fears of renewed economic contraction in the final quarter of the year.

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