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“For the first time in seven years, Japan has slipped into a recession. Slowly the US economy has been taking its toll on Japan, as well as the rest of Asian financial markets, which has led to today’s 4.6% drop in the Nikkei, Japan’s stock market. It is important to understand that recessions do not happen overnight, but are due to bigger issues that many of which culminated today. Japan’s economy has also shrank for a second quarter, meaning 6 months of a slow down. Japan’s output gap, a measure of supply and demand has been negative since July.” source...