Japan Cuts Economic View Again on Weak Global Demand |
| CNBC - Sep 13, 2012 |
Japan's government cut its assessment of the economy for the second straight month and warned that growth is pausing, signaling growing concern over the pain from the global slowdown and keeping the central bank under pressure to provide further monetary stimulus.
The Bank of Japan is widely expected to hold off on easing monetary policy at a meeting next week, though it is likely to offer a bleaker view of the world's third-largest economy, keeping alive market expectations that it will launch more stimulus soon.
"Japan's economic recovery appears to be pausing due to the global slowdown," the government said on Friday in its monthly report for September. That was a more cautious view than last month, when it said the economy was recovering moderately, albeit showing some weaknesses.
The downgrade underscores concern among policymakers that exports may not pick up in time to keep Japan's economy on track for a recovery as Europe's sovereign debt crisis hits global trade and delays a pickup in big markets like China.
Read Full Article from CNBC
- Posted: 2012-09-13 22:57:44
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