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Olympics postponement deals another blow to Japan's economy

Olympics postponement to 2021

Postponing the Olympics is a heavy blow that is almost certain to push Japan's persistently weak economy, the world's third-largest, into recession.

For Prime Minister Shinzo Abe, who has tried to revitalise growth through a mix of massive monetary easing, governance reforms and tourism, the coronavirus outbreak has unravelled what was supposed to have been a triumphant Olympic year.

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