Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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From: tejek	6/16/2009 12:55:20 AM
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Jun 15, 2009, 11:49 p.m. EST BOJ: economy has 'begun to stop worsening' By Myra P. Saefong TOKYO (MarketWatch) -- The Bank of Japan raised its assessment of economic conditions Tuesday for a second time this year, acknowledging that economic conditions have "begun to stop worsening." The central bank's monetary policy board also kept its interest-rate target at the current 0.1% level, as had been widely expected. "Domestic private demand has continued to weaken," the central bank said at the conclusion of its two-day policy meeting. But "exports and production have begun to turn upward, and public investment has also increased." Japan's Nikkei 225 was down 2.6% immediately following the BOJ announcement, amid a regionwide sell-off. marketwatch.com

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