Recession-hit Japan economy shrinks again


TOKYO: Japan's recession-hit economy shrank in the last quarter of 2012, official data showed on Thursday, as weak export demand overseas weighed but analysts pointed to brighter times ahead.

Tokyo said growth contracted 0.1 percent in the October-December quarter from the previous three months, the third quarter of contraction, as a new government vows to reflate the world's third-largest economy.

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