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BOJ
Bank of Japan

BOJ's Nakamura Says Economy May Deteriorate | Print |  E-mail
BOJ
Written by Administrator   

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Japan's economy is at risk of deteriorating further as the global financial turmoil slows growth worldwide, central bank board member Seiji Nakamura said.

"Japan could be on the verge of long-term economic adjustments and the downside risks to the economy are increasing further''

The world's second-largest economy expanded at a 0.1 percent annual rate third quarter, according to the median estimate of 26 economists, after it shrank 3 percent in the previous three months. The Cabinet Office will publish the GDP data on Nov. 17. 

Seiji Nakamura said "The Yen has strengthened, especially against the Euro, and that's leading to deterioration in profits of exporters,'' 

Last Updated ( Saturday, 15 November 2008 02:03 )
 


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