16 April 2001, 13:15  Bank of Japan downgrades economic assessment for 2nd straight month

Tokyo, April 16 (BridgeNews) - The Bank of Japan downgraded its economic assessment for the second straight month, saying in its April report that "adjustment in economic activities has been underway." The BOJ in March said Japan's economic recovery had stalled, reflecting a decrease in exports. The April report attributed the economic adjustment to a slowdown in exports and weak production, and said the adjustment is highly likely to continue.

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