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MNI INTERVIEW2: Ex-BOJ Hayakawa Warns Of Japan Recession Risk

(MNI) Tokyo
(MNI) Tokyo

Japan risks falling into recession in the not-too-distant future as the slowing global economy and weak domestic income conditions weigh, a former Bank of Japan chief economist warned in an interview with MNI.

“It is difficult to pinpoint its timing but the possibility is high that Japan’s economy will fall into recession before too long,” Hideo Hayakawa, who also served as a BOJ executive director and is now a senior fellow at the Tokyo Foundation for Policy Research, told MNI.

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Japan risks falling into recession in the not-too-distant future as the slowing global economy and weak domestic income conditions weigh, a former Bank of Japan chief economist warned in an interview with MNI.

“It is difficult to pinpoint its timing but the possibility is high that Japan’s economy will fall into recession before too long,” Hideo Hayakawa, who also served as a BOJ executive director and is now a senior fellow at the Tokyo Foundation for Policy Research, told MNI.

Keep reading...Show less