Japan's economic growth revised down for final quarter
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Tokyo
JAPAN'S emergence from recession in the final quarter of 2014 was significantly weaker than indicated earlier, it emerged on Monday, provoking speculation that the Bank of Japan could be forced to ease policy yet again.
A hike in the country's sales tax last April triggered a contraction in the economy for six months but growth appeared to be on the mend in the final quarter of last year, rising at a reported annual rate of 2.2 per cent. The Cabinet Office has now revised downwards the upturn in gross domestic product to 1.5 per cent, however.
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