BoJ forecasts widespread production declines following earthquake
Production and consumer sentiment are expected to fall in response to the devastation caused by last week's earthquake, a monthly report of recent economic and financial developments by the Bank of Japan (BoJ), released on Tuesday, said.
The report, based on data and information available at the time of the BoJ's monetary policy meeting held on March 14, 2011, said Japan's economy was expected to return to a moderate recovery path as it emerged from the current deceleration phase. However, it
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