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Economy

Sinking crude could boost Japanese economy

TOKYO -- Plunging crude prices could light a fire under the sluggish Japanese economy by boosting the transportation sector and encouraging consumption.

     Dubai crude, the benchmark for Asian markets, plummeted 6% on Friday to around $67 per barrel. It hit the lowest level in roughly five years after OPEC failed to cut production on Thursday, and is now about 40% below the recent high from June.

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