Japan’s government took a more pessimistic tone in reducing its economic projections in October and its evaluation of industrial production on weaker demand from Asian emerging countries.
The government, in its monthly economic report, recognized certain areas of weakness. But reiterated the Japanese economy is recuperating modestly. Previously, the government only acknowledged some slowness.
For the second consecutive month, Japan has downscaled its overall assessment, a blow to Prime Minister Shinzo Abe’s efforts to bolster the economy.
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