World Bank cuts Japan estimate due to isle row
News On Japan via Japan Times -- Jan 18
The World Bank announced it has slashed its economic growth forecast for Japan to 0.8 percent this year from an earlier estimate of 1.5 percent, due partly to the negative impact of Tokyo's territorial dispute with Beijing.
The World Bank projects Japan's economy to grow 1.2 percent in 2014, as measured by inflation-adjusted gross domestic product, down from the previous estimate of 1.5 percent. For 2015, it forecasts a 1.5 percent expansion, the first time the bank has released its growth projections for that year.
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