• Compiled From Bloomberg, Kyodo

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The economy is projected to grow a real 2.0 percent in fiscal 2008 on stronger capital investment but will probably rise just 1.3 percent in the current year ending March 31, the government said Wednesday.

The forecasts, approved at a Cabinet meeting, show that fiscal 2007 growth will be much slower than the previously forecast 2.1 percent, as stricter rules for obtaining building permits have caused housing starts to plummet to a four-decade low.

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