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-Central bank of Japan says recovery may be further delayed.

Global Banking News-October 18, 2010--Central bank of Japan says recovery may be further delayed(C)2010 ENPublishing -

Global Banking News - 18 October 2010(c)2005 - Electronic News Publishing -

The central bank of Japan has said that a recovery of the Japanese economy may be further delayed.

According to the central bank, a slowdown in the global economy may pull back recovery of the Japanese economy.

The governor of Bank of Japan, Masaki Shirakawa, said, 'It is a growing possibility that the Japanese economy's return to a sustainable path with price stability will be delayed.'

In July, the central bank had forecast that the economy was set to grow 2.6 per cent in the fiscal year to March 2011 and 1.9 per cent the following year.

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Date:Oct 18, 2010
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