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Japan's industrial output falls, lends weight to forecasts of recession

Some manufacturers see some lift in March and April, but Trade ministry is non-committal on outlook

The Japanese parliament approved a record 96.72 trillion yen (S$1.16 trillion) central government Budget for fiscal 2016 on Tuesday, paving the way for a debate on whether more stimulus spending might be needed to spur the flagging economy.


JAPAN'S industrial output fell at its fastest rate in five years in February, lending support to the likelihood that the world's third largest economy had slipped back into recession in the first quarter of this year.

Output fell 6.2 per cent last month, marking the biggest...

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