26 January 2001, 17:59  MOF's Miyazawa: US econ slowdown may cut Japan's growth 0.4%-0.6%

--Japan's MOF Miyazawa says expects 2-3% US econ growth in 2001

By Bruce Ellsworth, BridgeNews
Tokyo--Jan. 26--A slowing of U.S. gross domestic product (GDP) growth from 5% to 2-3% would likely lower Japan's annual GDP growth rate by 0.4-0.6 percentage points, Japan's Minister of Finance Kiichi Miyazawa said Friday.
However, Miyazawa added that he would not be concerned if the US experienced 0% growth in any one quarter because he still expects the US to enjoy annual growth of 2-3% in calendar year 2001.
* * * Speaking at a regular press conference, Miyazawa was agreeing with an assessment of the potential negative impact on Japan of slower U.S. growth rates made by Kazumasa Iwata, director general at the Cabinet Office, earlier in the week.

© 1999-2024 Forex EuroClub
All rights reserved