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Japan’s central bank downgrades the nation’s economic growth forecast for the current financial year.
The central bank expects the world’s third-largest economy to expand 1.1 per cent for the year through March 2015, revised down from a 1.4 per cent growth it estimated in January.
The bank also predicts the country’s consumer prices will climb 1.3 per cent in the current financial year, unchanged from the previous prediction.
The bank also estimates consumer prices will rise 1.9 per cent in the next financial year through March 2016.
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