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Slump in Japan's GDP worse than expected

7.1% Q2 GDP drop raises chances of BOJ stimulus, casts doubts on plan to increase sales tax
Tuesday, September 9, 2014 - 06:00

THE dramatic slump in Japan's gross domestic product (GDP) during the second quarter of this year was worse than the initially estimated annualised contraction of 6.8 per cent announced last month. It actually amounted to a 7.1 per cent drop, the Japanese Cabinet Office announced on Monday. This