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Vice Finance Minister Koji Tanami said March 16 he agreed with the Economic Planning Agency’s view that it would be “quite difficult” for the nation’s economy to achieve 0.1 percent growth for the current fiscal year.

The economy during the October-December period shrank by an annualized 0.7 percent compared with the previous quarter, and most observers say the nation will probably record negative growth for the first time in 23 years when the fiscal year ends this month.

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