Japan Cuts Economic Assessment as BNP Says Contraction Looms - Bloomberg
Japan’s government downgraded its
assessment of the world’s third-biggest economy for the first
time in 10 months as some analysts forecast that gross domestic
product will shrink this quarter.
Risks include a “further slowing down of overseas
economies and sharp fluctuations in the financial and capital
markets,” the Cabinet Office said in a monthly report released
in Tokyo today. It cut an evaluation of the global economy.
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