Sign Of Division At Japan's Central Bank

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Sign Of Division At Japan's Central Bank

by Wochit 0:53 mins

Sign Of Division At Japan's Central Bank

by Wochit 0:53 mins

That was CHIEF ASIA EQUITY STRATEGIST, MICHAEL KURTZ. Policy makers at Japan’s central bank broadly agreed that the economic recovery would remain on track as an improving job market fueled consumer spending, but some expressed worry about the pace of growth, according to the minutes of a meeting in November. “This may be indicative of a downward shift in growth, instead of merely a temporary slowdown,” one member said, referring to the third-quarter G.D.P. data. In the quarter from July through September, Japan’s economy grew 0.3 percent, slower than the 0.9 percent growth in the previous quarter as consumer spending and exports weakened.

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