Japan cuts its economic outlook as GDP is expected to shrink

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Source: Bloomberg
The Japanese government cut its outlook for the world's third-biggest economy, as some economists expect that GDP will fall this quarter. The government downgraded the economic assessment on home-building, personal consumption, imports, exports and industrial production. During the next meeting of the Bank of Japan, which is scheduled on September 18 and 19, monetary policy will be reviewed.
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Tue, 28 Aug 2012 07:33:10 GMT

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