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Japan’s leader fears ‘another recession’

The traditional statements before President Obama’s meeting today with his Japanese counterpart turned interesting when Prime Minister Yoshihiko Noda mentioned the ‘r word.’

Recession.

"One worry that I’ve have is that there is a emerging concern that once recovering the economy we might be drawn back into another recession, and Japan and the United States must work on the economic growth and the fiscal situation at the same time," Noda said, speaking with a translator.

It’s unclear whether Noda was referring to just Japan, the United States, or the global economy — though Japan is already in recession.

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