Falling retail sales underscore recession fears (AFP)

Japanese Finance Minister Shoichi Nakagawa speaks at a press conference in Tokyo. Sharp falls in consumer spending in the United States and Germany deepened fears Friday of a global recession as Japan joined a growing list of major central banks in cutting key interest rates.(AFP/Yoshikazu Tsuno)AFP - Sharp falls in consumer spending in the United States and Germany deepened fears Friday of a global recession as Japan joined a growing list of major central banks in cutting key interest rates.


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