Leeds School of Business
The firm cut its global growth forecast to 3.9 percent this year, from 4.2 percent. Citigroup lowered its 2011 U.S. growth estimate to 1.6 percent, from 1.7 percent. The yen has climbed beyond the level that prompted the Bank of Japan to sell it on Aug. 4 to curb its gains. A stronger yen cuts the value of overseas income at Japanese companies. ................
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