BOJ's Hayami says Japan recovery stalling

Improvement in Japanese corporate sentiment has stalled and the nation's economic recovery has slowed, the nation's central bank chief said on Tuesday, confirming what financial markets have suspected for weeks.

Bank of Japan governor Masaru Hayami was speaking a day after the BOJ downgraded its assessment of the country's economic recovery for the first time since July 1998. "We downgraded the overall assessment because the increase in (industrial) production is slowing and improvement in cor