Bank Of Japan Pessimistic About Nation’s Economy
The Bank of Japan cut forecasts for growth in the country, still suffering from the aftermath of a huge earthquake ten months ago. The bank also held interest rates steady According to MarketWatch After predicting last October that gross domestic product…
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The Bank of Japan cut forecasts for growth in the country, still suffering from the aftermath of a huge earthquake ten months ago. The bank also held interest rates steady
After predicting last October that gross domestic product would grow 0.2% to 0.4% in the current fiscal year ending in March, the central bank said Tuesday that the period would instead show a contraction of between 0.3% and 0.4%.
The central bank blamed the strong yen for some of the problem
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