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At 5%, joblessness is at its highest level since folks started keeping track in 1955. Powerhouses like Toshiba, Fujitsu and Kyocera are the latest to shed staff, laying off tens of thousands of workers
Koizumi's plan: Subsidies to companies that hire; more money for job retraining; recruiting young college grads and near-retirees to teach; a supplemental budget for public works spending
Outlook: FAIR. Remedies aren't enough. Business failures, the global slowdown and banks calling in bad loans all mean more people will lose jobs

Beijing and Seoul...

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