BoJ Monthly Report Release

Written March 19, 2009 at 1:04 AM EST by  

BOJ MONTHLY REPORT: ECONOMY DETERIORATED SIGNIFICANTLY AND IS LIKELY TO KEEP WORSENING
- Pace of output cuts to slow with lower inventories
- Bond issues by lower-rated firms are depressed; Fall in CP issuance has slowed
- Financial conditions remain tight
- Expects consumption to weaken further based on poor employment and income conditions
- On-year CPI may start to contract due to weak domestic demand
- Overseas economic conditions continue deteriorating

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