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Japan revises down its growth rate as the economy slows down more than the government initially estimated for the third quarter of 2013. Tokyo had initially predicted a 0.5 percent growth for the three months to September, but now it has revised it down to 0.3. This as, in the previous quarter, the east Asian country had seen a 0.9 percent growth. Many say the downward revision is mostly due to a downturn in corporate capital spending. Japan is the world\'s third largest economy.

The head of the Atomic Energy Organization of Iran has rejected as baseless any report on the slowdown of some parts of the country\'s nuclear program. Ali Akbar Salehi noted that Iran\'s nuclear program is going on at full throttle. He went on to say that despite western media claims, the recent deal between Iran and the five permanent members of the UN Security Councils is not aimed at stopping Iran\'s enrichment program. Salehi said Tehran is conducting researches on different generations of centrifuges with the full knowledge of the International Atomic Energy Agency. He also warned the P5+1 group against misinterpreting Tehran\'s good will in the nuclear talks.