TOKYO, Feb 15: The Bank of Japan left its super-low interest rates unchanged Friday amid fears of slowing growth or even recession in Asia’s largest economy due to the widening fallout from the US subprime loan crisis.
Central bank governor Toshihiko Fukui said the Japanese economy looks set to maintain positive growth but the pace of the recovery will slow due to the economic woes in the US and high commodity prices.
“The domestic economy is slowing right now due to the situation in the world economy and international financial markets as well as high prices of raw materials,” Fukui told a news conference.—AFP
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