Japan’s Finance Ministry lowered its
evaluation of the country’s regional economies for the first
time in nine months as the yen’s advance to a postwar high
against the dollar weighed on growth.
The economies “are in a severe state, though they are
improving at a moderate pace,” the ministry said in a quarterly
report released today in Tokyo. It downgraded its assessment for
five of 11 areas it tracks including Tokai, home of Toyota Motor
Corp. (7203) It maintained its view in five and became more optimistic
in its evaluation of Okinawa, the nation’s southernmost island.
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