The Daily Gazette
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Japan's economy grows lackluster 1 percent in fourth quarter

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TOKYO — Japan’s economy expanded at a slower-than-expected 1 percent annualized rate in the last quarter of 2013, raising pressure on the central bank to step up already massive stimulus to sustain the recovery. The data released Monday showed a 0.3 percent expansion for the world’s third largest economy from the previous quarter, adjusted for inflation. That was less than half of some forecasts despite a boom in housing construction and stronger public and private ...

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