Friday, Jul 07, 2006

IR rise in Japan?!?

BBC: Japan raises annual growth target

Japan's government has raised its annual economic growth forecast, citing a pick up in domestic demand and stronger corporate profit growth.
According to the Cabinet Office, gross domestic product (GDP) will increase by 2.1% in the year to 31 March 2007, up from a earlier target of 1.9% growth.

The move will fan expectations that the Bank of Japan is set to raise interest rates for the first time in six years.

Posted by tyrellcorporation @ 11:58 AM (6256 views)
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