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TOKYO (Reuters) -Japan’s industrial output posted the biggest monthly drop in a year in May, as a sharp fall in car production threatened to undermine the country’s economic recovery just weeks before Tokyo is set to host the Olympic Games.
FILE PHOTO: Smoke rises from a factory during the sunset at Keihin industrial zone in Kawasaki, Japan, January 16, 2017. REUTERS/Toru Hanai/File Photo
The world’s third-largest economy will likely grow at a much slower pace than initially thought in the current quarter in part due to weakness in consumer spending, a poll by economists showed this month.
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