BOJ Yamaguchi: Risk Of Japan Entering Double-Dip Recession Small
TOKYO -(Dow Jones)- Bank of Japan Deputy Gov. Hirohide Yamaguchi said Friday
that Japan will unlikely sink into a double-dip recession, though uncertainty
remains high over the economic outlook.
"As the nation's economy is expected to continue improving, though at a
moderate pace, the possibility of (Japan's economy) hitting the double-bottom
seems small," Yamaguchi told an Upper House budgetary committee.
The deputy BOJ chief also said it is unlikely that price falls will pressure
the economy significantly lower.
Last week, the BOJ said in its semiannual outlook report that the consumer
price index may stay in negative territory for at least this and the next two
fiscal years.
-By Megumi Fujikawa, Dow Jones Newswires; 813-6895-7559; megumi.fujikawa@
dowjones.com
(END) Dow Jones Newswires
11-06-090253ET
Copyright (c) 2009 Dow Jones & Company, Inc.
|