DJ Editors Tell Tale of Two Economies

However, with a global recession, two key markets in the region-Japan and China-are responding to the financial crisis in different ways, they said.

According to James Simms, columnist for Dow Jones' Heard on the Street in Tokyo, Japan is "plunging into the deepest recession in the post-war period," with manufacturers-particularly in key industries like electronics and auto manufacturing-taking multi-billion-dollar losses, contraction in the banking industry, and wages stagnating while jobs

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