Shock rise in Japanese jobless

JAPAN - Unemployment in Japan rose to 5.3% in September, another record high.

And there is little short term prospect of a recovery, according to the Minister for Economic & Fiscal Policy, who predicted that Japan's economy would stay in recession for the next two years.

Adding to the gloom, some of Japan's biggest corporate names plunged into the red for the half year ending September.

Japan's biggest consumer electronics firm Matsushita Electric Industrial crashed to a $579m loss, Mitsubishi

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