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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