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Despite global cut backs on e-commerce, Mikitani remains bullish on the prospects of Rakuten's U.S. business, which includes Ebates, the cash-back website it bought for $1 billion in 2014.
What the IMF admits in the report is that it dramatically underestimated the impact of government cut backs on GDP.
The paper said the town was planning to build school classrooms with its cut backs on carnival funding.
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Cut back on video.
Managers cut back on planning.
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He cut back on food.
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