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Recession risk looms for Japan in global analyst survey

Weak potential growth leaves economy vulnerable to slowing outside demand

While the economic outlook in the U.S. and Europe is brightening, Japan is being left behind. (Photo by Kosaku Mimura)

TOKYO -- Japan's economy is on course for a major downturn as demand from China ebbs, according to a survey of international economists, underscoring Tokyo's continued failure to improve the country's stubbornly low potential growth rate.

This is the second poor forecast for the country's economy inside the past week. Japan's Cabinet Office released a monthly assessment of business conditions on May 13 that described the environment as "worsening" for the first time in more than six years -- and the first time since the earliest days of Abenomics, Prime Minister Shinzo Abe's signature economic policy.

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