A shaky house for old Japan

As the world's fifth largest economy, what happens in Japan matters for the global economy. And the country's multifaceted problems appear not to be able to be corrected.

Japan is poised to slip back into recession. Quite staggeringly, this would be the sixth recession since the start of the 1990s. June quarter real GDP rose a tepid 0.2 per cent but the partial indicators since then are pointing to a contraction in the September quarter with sharp falls in industrial production and weak retail spending.

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