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Economy

Forecasts show Brexit weighing on Asia -- Malaysia in particular

TOKYO -- The U.K.'s decision to leave the European Union has cast uncertainty over key Asian economies, new Japan Center for Economic Research forecasts show.

The center on Wednesday published its fourth short-term outlook for five Asian markets: China, Indonesia, Thailand, Malaysia and the Philippines. Though the Brexit vote has had little immediate impact on these countries' stock prices and exchange rates, the decision is expected to depress growth through trade and the financial markets as the withdrawal approaches.

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