JAPANESE GOV’T DOWNGRADES VIEW OF ECONOMY, THIRD LARGEST IN WORLD
More evidence of global economic bubbles
The Japanese government has downgraded its assessment of the economy for the first time in five months, as a string of weak data hammers hopes for a quick recovery following Tokyo’s April sales tax hike.
The monthly report acknowledged spending at home had stalled, throwing into question Tokyo’s plans to hike sales taxes again next [...]
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