Financial Times FT.com

Bank of Japan calls bottom of slump

By Mure Dickie in Tokyo

Published: July 15 2009 07:57 | Last updated: July 15 2009 18:05

The Bank of Japan called the bottom of the slump in the world’s second largest economy on Wednesday.

But the BoJ highlighted doubts about the robustness of any recovery by predicting that the contraction in the current fiscal year would be greater than previously forecast.

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