Markets pensive on ECB’s initiatives - BAML

Analysts at Bank of America Merrill Lynch noting the market slow on the uptake and tentativeness around ECB initiatives.
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Japan govt downgrades growth expectations for 2014

The Japanese government estimates real GDP growth of 1.2 pct in fy 2014/15, vs previous forecast of 1.4 pct, according to cabinet office, via Reuters.
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