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GDP growth to top 3% this year

We are upgrading our forecast for Japanese GDP growth in 2010 from 3.0% to 3.5%. This is well above the latest published consensus forecast of around 1.5%, as well as the projections from the likes of the IMF (1.7%) and the OECD (1.8%). However, having thought long and hard, we are still happy to be so far ahead of the pack.

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