Japan is the world's second largest economy with a GDP of $4.37 trillion.
With a huge fall in exports, Japan has moved deeper into recession in the fourth quarter.
Japan's GDP has fallen at an annual rate of 0.4 per cent from July to September 2008, marking the second consecutive quarter of negative growth.
Japan's previous recession was in 2001, after the dot-com bust in the United States
Japanese exports plunged a record 35 percent in December as the recession led to a fall in electronics and automobiles. Bank of Japan said the economy will shrink by 1.8 per cent this financial year.
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