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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