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CEO's salary surpasses Citi's Toyko profit in 2013

Tokyo

Citigroup earned less from running a bank in Japan than its global chief executive officer’s salary last year, helping explain why the U.S. bank is considering selling the consumer business as Abenomics crushes loan returns.

Robust growth lifts hopes for Japan's economy

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Japan's economic growth was revised sharply higher in the first quarter, data on Monday showed, indicating the economy is in better shape than anticipated to weather a rise in the country's consumption tax.

More BOJ stimulus soon ? Don't bet on it

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A few months ago, economists suspected further stimulus from the Bank of Japan was likely this year to help take the sting out of a rise in Japan's sales tax. That prospect now looks less likely as the economy is showing signs of holding up well.

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