Japan braces for recession

JAPAN - Japan is poised to cross the official dividing line into recession on Friday morning when figures showing how much its economy has shrunk are released.

Japanese Prime Minister Koizumi is fighting a cabinet-level battle to bring a halt to the policies of past Japanese governments, which tried to spend their way out of economic difficulties.

As a result of these policies, Japanese government debt is bigger than the overall economy and Japan is covered in little-used prestige public works