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Japan's jobless rate hits record high

Japan's unemployment rate has surged to an all-time high.

As Tokyo correspondent Mark Simkin reports, the rise is the biggest monthly jump for more than 30 years.

Japan's jobless queues keep getting longer. According to figures released by the government the unemployment rate jumped zero-point-three per cent last month to five-point-three per cent - the highest level since records began. It's the biggest monthly increase since 1967 and reflects the worsening state of the world's second largest economy. Yesterday the Bank of Japan predicted that Australia's top trading partner faces two consecutive years of recession. Mark Simkin Tokyo

30/10/01 20:13:04 | ABC Radio Australia News

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