BOJ downgrades assessment for 6th month running

JAPAN - The Bank of Japan (BOJ) on Monday downgraded its assessment of Japan's economy for the sixth straight month, saying personal consumption is gradually weakening due to the negative effects of sluggish industrial production on employment and income.

"Adjustments in economic activity are becoming severer, as the substantial decline in production is beginning to have an adverse effect on private consumption through decreases in employment and income," the central bank said in a monthly rep