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WORLD:
Asian markets close mixed on Japan announcement
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| November 17, 2008 Asian markets close mixed on Japan announcement
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(NECN) - Asian markets closed mixed on Monday, after Japan's government announced the country had slid into a recession.
Sunday night, Japanese officials acknowledged the economy contracted in the third quarter, the second straight quarter of decline.
Business spending cutbacks and the global financial crisis are to blame.
Japan is the world's second largest economy .
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