BIS c bankers see Japan's recession into 2002

SWITZERLAND - Japan's economic slump will continue throughout 2002, central bank governors from 11 major countries agreed during a monthly meeting of the Bank for International Settlements (BIS) on Monday.

The governors agreed that the United States and Europe have shown signs of economic recovery while recession will continue to grip Japan to the end of 2002, Bank of England Governor Eddie George told a news conference in Basel, Switzerland.

George, who chaired the BIS meeting, said the Japane