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Japan will avoid economic disaster: panel

Panel participants, from left: Mitsui Chairman Masami Iijima, Nippon Life President Yoshinobu Tsutsui, Mizuho Research Institute Chief Economist Hajime Takata, and Japan Center for Economic Research President Kazumasa Iwata.

TOKYO -- Despite weakness in consumer spending and exports, solid employment and corporate earnings will keep the Japanese economy from buckling, panelists said in a roundtable discussion held here Monday by Nikkei Inc. and the Japan Center for Economic Research.

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