BoJ Says Economic Conditions Likely To Increase In Severity For Immediate Future

(RTTNews) - Monday, the Monthly Report of Recent Economic and Financial Developments from Bank of Japan said Japanese economic conditions are likely to increase in severity for the immediate future. Exports are expected to drop considerably due to the slowdown in global economies and the appreciation of the yen. Production is forecast to continue decrease substantially.

Economic conditions have been deteriorating. Exports and corporate profits continued its downward trend and business sentiment deteriorated further. Production fell substantially reflecting the current developments in demand both at home and abroad, the central bank stated.

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