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Japan's economy shrinks at fastest pace in 6 years, virus clouds outlook

TOKYO: Japan's economy shrank at the fastest pace in six years in the December quarter as a sales tax hike and soft global demand hurt consumption and capital expenditure, keeping policymakers under pressure to prop up growth with additional stimulus.

Japan to import more hardwood plywood

KUCHING: Japan, which has drastically cut imports of Malaysian plywood in the past two years due to sluggish sales, has stepped up buy orders of hardwood plywood due to a strong demand for reconstruction works after the recent devastating Hagibis typhoon.