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Economy

Japan says economy is 'in an extremely severe situation'

Cabinet Office uses most pessimistic language since global financial crisis

The Cabinet Office has downgraded its view of the economy for a second month in a row.   © Reuters

TOKYO (Kyodo) -- Japan's economy has been worsening rapidly in April due to the global coronavirus pandemic, the government said Thursday, using the most pessimistic expression in more than a decade in assessing the overall situation in its key monthly report.

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