Japan falls into recession

JAPAN - Japan has entered a recession, according to the latest official figures, which show the world's second largest economy continued to shrink between July and September.

The news means the world's three biggest economies - the United States, Japan and Germany - are all now in, or on the verge of, recession for the first time since the 1970s.

Japan's prime minister, Junichiro Koizumi, pledged his government will push through promised austerity measures to tackle the problem: "We're taking