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Going Japanese, I really think so

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The Financial Times reports the Japanese government on Wednesday conceded that the country’s longest post-war economic expansion may be over as it reported a drop in its key measure of underlying economic conditions for June.

“The government said the June coincident index fell 1.6 percent and downgraded its assessment of the economy to ‘deteriorating,’ in an admission that the economy has entered a downturn,” and may be on the verge of a recession.”