0137 GMT [Dow Jones] Japan economy ministry Ota leaves view on economy unchanged despite weak BOJ March Tankan data. Keeps view that economy in lull; while sentiment has worsened, situation must be monitored, "corporate profits are expected to recover in the second half (of fiscal 2008)," she says, consistent with view expressed previously that economy is likely to recover again, current situation only temporary. Japan finance minister Nukaga also says economy stalling; Tankan sales, profits, capex measures all slowed but still positive; headline DI for large manufacturers came in at 11, lowest reading since December 2003. (VAU)
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(END) Dow Jones Newswires
March 31, 2008 21:37 ET (01:37 GMT) |
