ID :
43052
Thu, 01/29/2009 - 15:48
Auther :
Shortlink :
https://oananews.org//node/43052
The shortlink copeid
MOF lowers economic views for all 11 regions for 2nd qtr+
TOKYO, Jan. 28 Kyodo - The Finance Ministry lowered on Wednesday its economic assessments for all of Japan's 11 regions for the October-December period from the previous three months, cutting its view across the board for the second straight quarter amid the sharp economic downturn.
With output, private consumption and employment conditions severely hit by the
global economic crisis, the ministry also revised downward its overall
evaluation of the nation's regional economies for the fourth consecutive
quarter, saying conditions ''have been worsening across Japan.''
The ministry adopted the word ''worsening'' in the overall assessment for the
first time since comparable data became available in 1985. It was also the
first time in about a decade that the evaluation on all regions was downgraded
for two quarters in a row, according to the ministry.
The quarterly report is based on assessments made by the ministry's 11 regional
finance bureaus.
Senior Vice Finance Minister Wataru Takeshita told a meeting of the finance
bureau chiefs that Japan's economy has been ''rapidly deteriorating'' and
stressed that it is necessary to ''quickly'' and ''seamlessly'' carry out a
series of stimulus packages worth a total of 75 trillion yen.
''I ask the finance bureau chiefs to try to maximize the effects of the
stimulus steps to boost regional economies,'' Takeshita said.
In the previous report issued in October, the ministry said in the overall
view, ''Weak movements can be seen in each area.'' The October-December report
also downgraded the ministry's assessments for all of Japan's 47 prefectures
for the first time since it began releasing evaluations on each prefecture in
January 2004, a ministry official said.
In the latest report, the ministry cut its assessments for industrial output in
10 regions, describing conditions in the Kanto, Hokuriku, Tokai and Chugoku
areas as ''rapidly'' or ''significantly'' declining on production cutbacks of
vehicles and electric machinery.
It also lowered its view for personal spending in all regions except Okinawa as
demand waned for passenger vehicles, clothing and everyday goods.
The paper also noted downgrades of the ministry's evaluations of employment
conditions in all regions except Shikoku, as many companies moved to rein in
the number of workers.
==Kyodo
2009-01-28 22:32:24
With output, private consumption and employment conditions severely hit by the
global economic crisis, the ministry also revised downward its overall
evaluation of the nation's regional economies for the fourth consecutive
quarter, saying conditions ''have been worsening across Japan.''
The ministry adopted the word ''worsening'' in the overall assessment for the
first time since comparable data became available in 1985. It was also the
first time in about a decade that the evaluation on all regions was downgraded
for two quarters in a row, according to the ministry.
The quarterly report is based on assessments made by the ministry's 11 regional
finance bureaus.
Senior Vice Finance Minister Wataru Takeshita told a meeting of the finance
bureau chiefs that Japan's economy has been ''rapidly deteriorating'' and
stressed that it is necessary to ''quickly'' and ''seamlessly'' carry out a
series of stimulus packages worth a total of 75 trillion yen.
''I ask the finance bureau chiefs to try to maximize the effects of the
stimulus steps to boost regional economies,'' Takeshita said.
In the previous report issued in October, the ministry said in the overall
view, ''Weak movements can be seen in each area.'' The October-December report
also downgraded the ministry's assessments for all of Japan's 47 prefectures
for the first time since it began releasing evaluations on each prefecture in
January 2004, a ministry official said.
In the latest report, the ministry cut its assessments for industrial output in
10 regions, describing conditions in the Kanto, Hokuriku, Tokai and Chugoku
areas as ''rapidly'' or ''significantly'' declining on production cutbacks of
vehicles and electric machinery.
It also lowered its view for personal spending in all regions except Okinawa as
demand waned for passenger vehicles, clothing and everyday goods.
The paper also noted downgrades of the ministry's evaluations of employment
conditions in all regions except Shikoku, as many companies moved to rein in
the number of workers.
==Kyodo
2009-01-28 22:32:24
