JAPAN
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<i> Times Staff and Wire Reports</i>
Economy Slipped During Last Quarter of ‘94: The economy shrank slightly in the final quarter of 1994, and the yen’s recent surge is expected to further dampen prospects for recovery. Japan’s gross domestic product for the October-December quarter fell 0.9% from the previous quarter, ending four straight quarters of rises, the government’s Economic Planning Agency said. Annualized GDP for the quarter fell 3.4%. Gross national product, which includes exports, fell 0.8% from the previous quarter, an annualized 3.3%.
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