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Episode details

World Service,17 Feb 2020,26 mins

Japan economy shrinks at fastest rate in five years

World Business Report

Available for over a year

Fears of a recession grow after GDP fell by 1.6% in the final quarter of 2019, with the impact of the coronavirus still to come. We speak to Devin Stewart, senior fellow at the US-based Eurasia Group Foundation. Banking union members are worried about Tuesday's earnings announcement from HSBC, where 10,000 jobs are under threat. And under growing pressure from their investors, banks in Europe are struggling to catch up with more profitable competitors in Asia and new online banks. So we ask, what is the future for traditional banking? And a two week debate opens today to address the issue of pension reform in France, after weeks of protest. Katherine Norris-Trent of France 24 talks us through the arguments. (Picture: A woman wearing a mask in Tokyo. Credit: David Mareuil/Anadolu Agency via Getty Images)

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