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Sagging markets undermine Japan's services and manufacturing sectors

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Containers await shipment at a port in Tokyo on Feb. 18.   © Reuters

HONG KONG   The main gauge of Japan's services and manufacturing took a deep dive in February. Aside from renewing concerns about the bumpy recovery of the world's third-largest economy, the latest readings also seem to resonate with the Bank of Japan's misgivings about the sagging global financial market's impact on the country's real economy.

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