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| Japan unemployment hits new high | Japan unemployment hits new high |
| (about 3 hours later) | |
| Japan's unemployment rate rose to a record 5.7% in July in figures released just days before a general election. | Japan's unemployment rate rose to a record 5.7% in July in figures released just days before a general election. |
| Companies are continuing to lay off workers even though the economy has returned to growth after the most bruising recession for decades. | Companies are continuing to lay off workers even though the economy has returned to growth after the most bruising recession for decades. |
| The state of Japan's economy is the key issue in the election campaign. | The state of Japan's economy is the key issue in the election campaign. |
| Opinion polls show the Liberal Democratic Party, which has governed for 53 of the last 54 years, faces defeat in the election. | Opinion polls show the Liberal Democratic Party, which has governed for 53 of the last 54 years, faces defeat in the election. |
| News that the unemployment rate has risen to the highest since the Second World War is a blow for the Prime Minister Taro Aso. | News that the unemployment rate has risen to the highest since the Second World War is a blow for the Prime Minister Taro Aso. |
| Opinion polls show his Liberal Democratic Party was already on course for defeat on Sunday for only the second time in more than 50 years. | Opinion polls show his Liberal Democratic Party was already on course for defeat on Sunday for only the second time in more than 50 years. |
| In July, 3,590,000 Japanese were out of work in July, over a million more than a year ago. | In July, 3,590,000 Japanese were out of work in July, over a million more than a year ago. |
| Japan's crushing recession is officially over, but the benefits are yet to be felt by families and workers. | Japan's crushing recession is officially over, but the benefits are yet to be felt by families and workers. |
| Other figures released in Tokyo show core consumer prices fell by 2.2% in July from a year earlier, the fastest pace on record. | Other figures released in Tokyo show core consumer prices fell by 2.2% in July from a year earlier, the fastest pace on record. |
| Japan was stuck in a deflationary spiral for years after an asset price bubble burst at the start of the 1990s. | Japan was stuck in a deflationary spiral for years after an asset price bubble burst at the start of the 1990s. |
| Shoppers put off purchases in the expectation of prices falling further, causing the economy to stagnate. | Shoppers put off purchases in the expectation of prices falling further, causing the economy to stagnate. |
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