• Kyodo News

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One out of every four companies in Japan has cut jobs or plans to do so due to the economic downturn, according to a survey released Thursday by Teikoku Databank credit research agency.

Of the 10,731 firms that responded to the survey, 2,890, or 26.9 percent, said they have already cut their workforce or are considering job reductions in the foreseeable future.

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