Bank of Japan to Cut FY 2011
April 23rd, 2011Earthquake and tsunami that hit Japan on March 11 made bad effects. On April 22, the sources said Bank of Japan will downwardly revise its forecast for the country’s economic growth in fiscal 2011. Based on the view that the economy would regain a foothold on a possible surge in domestic demand as reconstruction work proceeds the bank will likely upgrade its earlier projection of 2.0 percent growth In 2012.
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