Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  September 14, 2012 10:48:17

Japan reduced its outlook for the economy in 3Q falls in 4Q will stagnate

Japanese Government Office yesterday to address the future development of the domestic economy said that the recovery is likely to stagnate due to the overall slowdown in the global economy. Stagnating domestic demand and industrial production together with exports declining. Some analysts estimate that the Japanese economy in Q3 of this year will decline or stagnate in the fourth quarter. In 2Q economic growth has been significantly revised from the original 1.5 to 0.7%. In 1Q while GDP grew by 5.3%.

The market took the statement of the government as a signal of increasing pressure on the BoJ, at its next meeting next week by the additional stimulus measures.
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