Related News
Japan economy predicted to shrink in 2011
JAPAN'S economy is expected to shrink 0.4 percent in fiscal 2011, the country's central bank forecast today, a reversal of its previous projection of 0.3 percent growth.
The Bank of Japan also said it expected growth of 2.0 percent in fiscal 2012, a slight reduction from its previous prediction of 2.2 percent growth.
"Japan's economic activity has been more or less flat, mainly due to the effects of a slowdown in overseas economies and the appreciation of the yen," it said in a statement.
"Although global financial markets remain under heavy strain, financial conditions in Japan have continued to ease," it added.
The BoJ left its key interest rate unchanged at between zero and 0.1 percent, saying its policy board vote on the issue was unanimous.
It projected deflation for fiscal 2011 at -0.1 percent, with inflation of 0.1 percent in fiscal 2012, compared with previous forecasts of zero percent and 0.1 percent respectively.--AFP
The Bank of Japan also said it expected growth of 2.0 percent in fiscal 2012, a slight reduction from its previous prediction of 2.2 percent growth.
"Japan's economic activity has been more or less flat, mainly due to the effects of a slowdown in overseas economies and the appreciation of the yen," it said in a statement.
"Although global financial markets remain under heavy strain, financial conditions in Japan have continued to ease," it added.
The BoJ left its key interest rate unchanged at between zero and 0.1 percent, saying its policy board vote on the issue was unanimous.
It projected deflation for fiscal 2011 at -0.1 percent, with inflation of 0.1 percent in fiscal 2012, compared with previous forecasts of zero percent and 0.1 percent respectively.--AFP
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.