Bank of Japan Semi-annual report 2001

REPORT - Semiannual Report on Currency and Monetary Control Second Half of Fiscal Year 2001, Bank of Japan, 23 July. The report says that although Japan's economy deteriorated in the second half of 2001 this has slowed somewhat and overseas economies have moved towards some improvement.

The Economy

1. Japan's economy deteriorated broadly in the second half of fiscal 2001, as adjustments in the corporate sector spread to private consumption through the worsening of employment and income

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