BUSINESS
The Bank of Japan presented its gloomiest economic forecasts in 12 years - Economo
BUSINESS

The Bank of Japan presented its gloomiest economic forecasts in 12 years - Economo

Published: July 9, 2020  |  2 min read, 477 words
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The Central Bank of Japan lowered its economic forecasts for all nine regions of the country for the second consecutive quarter. This is the first such decline since the collapse of Lehman Brothers in 2008 and supports fears that the country’s economy may fall deeper than originally expected.In its quarterly report released on Thursday, the Bank of Japan proposed a gloomier forecast for most regions than three months ago due to the latest data showing a decline in production, consumption, and capital expenditures.“Exports are declining further as COVID-19 has led to a decline in global car... READ MORE
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