15 October 2001, 10:12  BOJ Downgrades Economic Assessment In Oct

The Bank Of Japan again lowered its economic assessment in its October report of Recent Economic and Financial Developments. The BOJ's headline assessments said that adjustments in economic activity are becoming more severe, as the substantial decline in production has a negative influence on employment and income conditions. In addition, the BOJ said that the terrorist attacks in the US have further heightened uncertainty on Japan's economic outlook.

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