• Kyodo

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The International Monetary Fund will revise its projection of Japan’s economic growth in 2003 to 1.1 percent in a report to be released in September, up from the 0.8 percent projected in April, a German newspaper reported Thursday.

The IMF World Economic Outlook will project a 0.5 percent contraction in the Japanese economy in 2002, the Handelsblatt reported.

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