EconWatch.com > Japan economy view unchanged in May (Reuters) | SHMTV News

[SHMTV News] The government’s latest assessment is largely in line with the Bank of Japan, which also maintained its view on the economy last week, citing strong downward pressure, mainly on output, due to the impact of the earthquake, while keeping its ultra-easy monetary policy on hold.

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[SHMTV News] Highlights: Japan economy contracts on quake damage (Reuters ...: TOKYO (Reuters) - Japan’s economy shrank 0.9 percent in January-March from the previous quarter, marking a second straight quarter of contraction, Cabinet Office data showed on Thursday, as the March earthquake and tsunami and ensuing nuclear crisis weighed heavily on capital spending and private consumption.

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