• Kyodo News

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Nearly 40 percent of major companies in a survey said that the economy is “highly likely” or “likely” to fall into a double-dip recession, according to results compiled Saturday.

The survey of 109 leading companies, conducted from late November through mid-December, found that 40 firms, or 37 percent of those surveyed, anticipate a further downturn in economic activity. The survey covered companies including Canon Inc., Nippon Steel Corp., Nippon Oil Corp., Sony Corp., Toyota Motor Corp. and Mitsubishi UFJ Financial Group Inc.

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