Japan Faces Fear of New Downturn [2010 Growth Forecast: 0.7% For April-June Quarter]
NOVEMBER 14, 2009 Japan Faces Fear of New Downturn By YUKA HAYASHI TOKYO -- Japan's new government faces a dilemma in trying to prevent a double-dip recession, with recent stimulus efforts due to wane, debt soaring and the economy likely to begin losing steam by early next year. Talk of new stimulus measures to respark the growth is pushing up long-term interest rates, threatening to limit any impact of fresh spending. That, in turn, is forcing officials to look for cuts to offset any new expenditures -- moves that could undermine a recovery in demand, economists warn. Two months after...
Original Article: Forum: News/Activism
Tags: April, Dilemma, Double Dip Recession, Downturn, Economists, Economy, Expenditures, Fear, Hayashi, Interest Rates, Japan Government, Measures, New Faces, November 14, Steam, Stimulus, Term Interest, Tokyo Japan, X27, Yuka