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Market turmoil seen slashing Japan's GDP growth

TOKYO -- The disarray in financial markets likely will depress Japanese economic growth.

     Declines in interest rates and oil prices normally encourage investments in facilities and housing, providing a boon to corporate earnings. But the current decreases come amid the yen's appreciation and the stock market's downturn tied to the global economic slowdown, likely exacerbating jitters among businesses and consumers.

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