JAPAN
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<i> Times Staff and Wire Reports</i>
Economic Growth Seen as Sluggish: Under the weight of the yen’s rapid rise, Japan’s economy will grow only 0.5% in the fiscal year that began April 1, a research group predicted. Okasan Economic Research Institute Co. said the deflationary trend in the gross domestic product will also intensify because of a prolonged economic slump. The 0.5% growth projection, adjusted for inflation, is a sharp downward revision from the 2.0% rise that Okasan forecast in December.
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