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Ueda predicts close to 4% growth for Japan

Japan's economy is likely to grow at a pace of "slightly below 4 percent" for the time being, Kazuo Ueda, a member of the Bank of Japan's policy-setting panel, said on Thursday 16 September.

Ueda noted that economic growth is slowing down, and told a press conference that the information technology sector's inventory adjustment will be completed in a short period and will thus have limited detrimental effects on other sectors.

But the central bank will have to maintain its ultra-easy monetary

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