Japan Cuts Economic Assessment as Maehara Talks of ‘Crisis’
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Japan’s Economy Minister Seiji Maehara said he has a “sense of crisis” as the government downgraded its economic assessment for a third month, the longest streak since the 2009 global recession.
“It’s necessary to take a proper response on both fiscal and financial fronts,” Maehara told reporters in Tokyo today after the government released a report for October.