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Esquire Japan, the Japanese edition of the US lifestyle magazine, has said it will cease publication in May, the latest victim of the economic recession in the nation's publishing industry. Esquire Japan was first published in 1987, but, according to an announcement on its website, has decided to suspend publication due to "circumstances beyond our control." The magazine, which once enjoyed a monthly circulation of 60,000, has suffered a sharp decline in advertising revenue amid the global financial crisis, Kyodo News reported. In Japan, the economic slump has forced a number of long-established magazines to suspend publication after advertising income plunged 11.1 percent over a 12-month period, according to a survey conducted by ad agency Dentsu Inc.
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