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The Bank of Japan’s expectation that the economy will soon pull out of its current stagnation was questioned Thursday by board member Tadao Noda, who predicted that global growth will slow further.

“We maintain the view that Japan’s economy will return to a moderate growth path, which is our main scenario,” Noda said in a speech to business executives in Kushiro, Hokkaido. “However, at present, that probability is extremely uncertain.”

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