World Bank releases gloomy econ outlook for Japan

JAPAN - Japan's economy has reverted to its anaemic state and is now at higher risk of falling into recession in earnest, the World Bank said in a report on the global economy released Apr 10.

"The effects of the round of government stimulus applied in fiscal 2000 have faded, private consumption continues to stagnate or fall on the heels of subdued household income and consumer confidence," the bank said in its "Global Development Finance 2001" report.

"Exports turned abruptly from double-digit